THE KLABIN COMPANY BROKERS SALE OF 59,996-SQUARE-FOOT INDUSTRIAL BUILDING IN COMPTON


October 15th, 2019

Team of Klabin Principals Complete $11.5 Million Transaction for Fully Leased Concrete Tilt-Up Building on Almost Three Acres of Land

 

(October 15, 2019 – TORRANCE, CALIF.)The Klabin Company/CORFAC International today announced it negotiated the $11.5 million sale of a 59,996-square-foot industrial building at 750 W. Manville Street in Compton, Calif. The fully leased building is located on almost three acres of land and features seven dock-high loading positions, heavy power, 24’ clear height and more than 120,000 square feet of land.

The Klabin Company’s Todd N. Taugner, SIOR, and Frank J.H. Schulz, SIOR, represented both the seller, High Street Realty Company, and the buyer, Rexford Industrial Realty, Inc. (NYSE: REXR) in the transaction.

“The industrial investment market in Los Angeles remains strong,” said Taugner. “In a land-constrained market, this building offered a unique opportunity for the buyer to secure in-place income with a long-term tenant on a desirable, well-located building. Rexford Industrial was the ideal buyer for this property and the seller could not be more pleased.”

 

About The Klabin Company/CORFAC International

Now in its sixth decade, The Klabin Company/CORFAC International is ranked among the top commercial real estate companies based in Los Angeles. With clients around the world, The Klabin Company specializes in industrial, office, investment and development services. It combines cutting-edge research and analysis with years of experience to keep abreast of ever-changing market dynamics to ensure the best possible value for its clients in every facet of its business. The firm is affiliated with CORFAC International. For more information go to www.Klabin.com.

 

About CORFAC International

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 firms in the U.S., 6 in Canada and 27 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Romania, Russia, South Africa, South Korea, Switzerland and the United Kingdom. CORFAC offices annually complete more than 10,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8 billion. Contact CORFAC at (224) 257-4400 or www.Corfac.com.

 

About Rexford Industrial
Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 207 properties with approximately 25.2 million rentable square feet and manages an additional 19 properties with approximately 1 million rentable square feet. For additional information, visit www.RexfordIndustial.com.