The recent sale of a distribution warehouse in Lake Forest for $50.9 million marks a notable transaction in OC's industrial market. The buyer, linked to French power utility Engie, acquired the 102,300-square-foot property from Rexford Industrial Realty, which had previously invested in renovations. Prior to the sale, Rexford benefited from consistent rental income, underscoring the increasing value and demand for industrial properties in the region. The deal is part of a trend of substantial industrial real estate transactions occurring within Orange County.
The buyer of the 102,300-square-foot warehouse in Lake Forest is a unit of Engie, which paid $50.9 million, highlighting the strong demand in industrial real estate.
Rexford Industrial Realty, the seller, had previously owned the building since 2016, indicating a profitable strategic decision following a significant renovation.
Collection
[
|
...
]