A private investment fund acquired 38,643-square-foot industrial business park in Santa Ana from Rexford Industrial Realty, Inc. (NYSE : REXR) for $11.28 million on December 5, 2023. The acquisition of 38,643 square feet is valued at $292 per square foot. Mike Hefner represented both the Rexford Industrial, a publicly traded REIT, and the Buyer, a private investment fund, in the sale of the fully leased business park. Matt Peters of Voit Real Estate Services? Irvine office represented Rexford in leasing the asset and acted as the local market advisor in the transaction.

A private investment fund completed the acquisition of 38,643-square-foot industrial business park in Santa Ana from Rexford Industrial Realty, Inc. (NYSE : REXR) on December 5, 2023.