Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 13301 Main Street Los Angeles for approximately $52 million in September 14, 2022. The 106,969 square foot, single-tenant modern industrial building, situated on 4.5 acres, is leased and generates an initial 4.2% unlevered yield on investment, growing over time by 4.0% annual contractual rent increases was acquired for or $478 per square foot.
Rexford Industrial Realty, Inc. (NYSE:REXR) completed the acquisition of 13301 Main Street Los Angeles in September 14, 2022.