• $22,050,000

    Sale Price

  • $157

    Sale Price PSF

  • 6.48

    Acres

  • Industrial

    Property Type

  • Oaktree Capital Management

    Seller

  • Rexford Industrial Realty

    Buyer

$22,050,000

Sale Price

$157

Sale Price PSF

6.48

Acres

Industrial

Property Type

Oaktree Capital Management

Seller

Rexford Industrial Realty

Buyer

Sale Summary

Address

  • 12744 San Fernando Road
    Los Angeles, CA 91342

Sale Details

  • Sale Price$22,050,000
  • Sale Price PSF$157
  • Closing Date10/14/2020
  • BuyerRexford Industrial Realty
  • SellerOaktree Capital Management
  • Offers Received11

Address

  • 12744 San Fernando Road
    Los Angeles, CA 91342

Sale Details

  • Sale Price$22,050,000
  • Sale Price PSF$157
  • Closing Date10/14/2020
  • BuyerRexford Industrial Realty
  • SellerOaktree Capital Management
  • Offers Received11

Newmark is pleased to have represented funds managed by Oaktree Capital Management, L.P. (Oaktree) and Intertex Companies in the successful disposition of 12744 San Fernando Rd in Sylmar, CA. The existing project sits on 6.48 Acres and was 56% leased at the time of sale, presenting the buyer with a covered land play redevelopment opportunity in a tight industrial market starved for new development.

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Sale Description

Newmark is pleased to have represented funds managed by Oaktree Capital Management, L.P. (Oaktree) and Intertex Companies in the successful disposition of 12744 San Fernando Rd in Sylmar, CA. The existing project sits on 6.48 Acres and was 56% leased at the time of sale, presenting the buyer with a covered land play redevelopment opportunity in a tight industrial market starved for new development.

Deal Team

Portrait of Sean Fulp

Sean Fulp

Executive Managing Director

CA RE Lic. #01389064

Portrait of Ryan Plummer

Ryan Plummer

Managing Director

CA RE Lic. #01765854

Portrait of Mark Schuessler

Mark Schuessler

Managing Director

CA RE Lic. #02033871

Portrait of Ryan Tetrault

Ryan Tetrault

Associate

CA RE Lic. #01996711