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May 19, 2022
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Rexford Industrial Realty Buys 64k sf Food Processing Facility in City of Industry


Rexford Industrial Realty paid $10.7 mil for a 64.3k sf ($166/sf), fully leased industrial food processing and manufacturing facility in the City of Industry. The asset, situated on 3.86 acres at 15430 Proctor Ave, was sold by Gaytan Group LLC.

The property is conveniently located near major highways, helping facilitate seamless transportation throughout the region, and in close proximity to the Ports of Los Angeles and Long Beach and multiple major airports.

Bob Dipre and Dennis Sandoval with DAUM Commercial represented the seller and procured the buyer in the transaction. According to Sandoval, the USDA-approved food processing facility is on a long-term lease to an established credit tenant specializing in meat and wheat flour snacks manufacturing, with options to extend.

Sandoval notes that the San Gabriel Valley market is seeing sub-2% industrial vacancies, according to a recent DAUM report, as it remains a hub for both traditional manufacturing as well as last-mile distribution due to its prime location.

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