$91.5m sale of two class A industrial buildings in L.A. closes

Rexford Industrial Realty has bought 6027 and 6000-6052 Bandini Blvd., two class A industrial buildings totaling 182,782 square feet in Commerce, Calif., a city located in southeast Los Angeles County, for $91.5 million. The seller was undisclosed.

6027 and 6000-6052 Bandini Blvd. is a fully leased Class A industrial park featuring dock-high loading, gated and secured truck courts and 32-foot clear heights.

Positioned in the nation’s highest demand industrial market, the buildings have convenient access to the area’s vast Southern California highway network (including Interstates 5, 710 and 605) and the greater Southwest region.

“This transaction represents a great outcome for both seller and buyer,” said Chad Solomon, a director on the JLL Capital Markets, representing the buyer. “Despite macroeconomic headwinds, the health of the Southern California Industrial market remains strong, with record low vacancy rates, consistent renewals and the continu