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LOS ANGELES — Rexford Industrial Realty has acquired a single-tenant industrial property located at 12154 Montague St. in the Pacoima neighborhood of the Los Angeles-San Fernando Valley submarket.
An undisclosed seller sold the property for $22.5 million, or $183 per square foot, in an off-market transaction.
Situated on 4.9 acres, the fully occupied property features 122,868 square feet of industrial space.