Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 2391-2393 Bateman Avenue, Irwindale, LA for $23.1 million on December 31, 2021. The property is subject to a long-term sale leaseback with an initial unlevered cash yield on total investment of 4.0%, with contractual 3.0% annual rent increases through the lease term.

Rexford Industrial Realty, Inc. (NYSE:REXR) completed the acquisition of 2391-2393 Bateman Avenue, Irwindale, LA on December 31, 2021.