Seeking Alpha

Rexford acquires 9-building industrial portfolio

  • The portfolio has a total of 817K square feet and was purchased by Rexford Industrial (REXR) for $88.5M, or about $108 per square foot.
  • The properties are currently 87% occupied - 8 are 96% leased, the other 40% - so Rexford sees the possibility of immediate value-add.
  • Source: Press Release
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