{"id":1004371985,"date":"2019-11-27T13:21:55","date_gmt":"2019-11-27T21:21:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004371985"},"modified":"2019-11-27T13:21:55","modified_gmt":"2019-11-27T21:21:55","slug":"rexford-industrial-buys-orange-county-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rexford-industrial-buys-orange-county-facility\/","title":{"rendered":"Rexford Industrial Buys Orange County Facility"},"content":{"rendered":"<div id=\"attachment_1004371988\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Monarch-Industrial-marked.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004371988\" data-attachment-id=\"1004371988\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rexford-industrial-buys-orange-county-facility\/monarch-industrial-marked\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Monarch-Industrial-marked.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Monarch Industrial . Image courtesy of NKF\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Monarch Industrial . Image courtesy of NKF&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Monarch-Industrial-marked.jpg?w=800\" class=\"wp-image-1004371988 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Monarch-Industrial-marked.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Monarch-Industrial-marked.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Monarch-Industrial-marked.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Monarch-Industrial-marked.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004371988\" class=\"wp-caption-text\">Monarch Industrial. <em>Image courtesy of NKF<\/em><\/p><\/div>\n<p>Rexford Industrial has purchased Monarch Industrial, a 276,585-square-foot industrial facility in Garden Grove, Calif., for $34 million. Western RealCo and Penwood Real Estate traded the asset in an off-market transaction after <a href=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-27m-industrial-building-in-ca\/\">two years of ownership<\/a>. Newmark Knight Frank\u2019s Co-Head of U.S. Capital Markets Kevin Shannon, Senior Managing Director Scott Schumacher and Executive Managing Directors Ken White, Jeff Read and Bret Hardy represented the seller. The buyer was self-represented in the deal.<\/p>\n<p>Monarch Industrial occupies 11.1 acres at 12752 to 12822 Monarch St., within the supply-constrained west Orange County submarket, where the industrial vacancy rate is at 1.6 percent, according to Read. The facility is conveniently located just off Garden Grove Freeway, which enables access to downtown Irvine and the John Wayne Airport.<\/p>\n<p>Constructed in 1971 with an additional section added in 1980, the building features 18- and 22-feet clear heights, 14 dock-high spaces, 11 ground-level doors and 346 parking spaces. Other characteristics include climate control, insulated ceilings and fire sprinklers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company paid $34 million for a 276,585-square-foot property located in Garden Grove, Calif. <\/p>\n","protected":false},"author":871,"featured_media":1004371988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,34267,15],"tags":[33532,42485,38755,35630,37077],"class_list":["post-1004371985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-orange-county","category-west","tag-kevin-shannon","tag-nkf","tag-penwood-real-estate-investment-management","tag-rexford-industrial-realty-inc","tag-western-realco"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rexford Industrial Buys Orange County Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rexford-industrial-buys-orange-county-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rexford Industrial Buys Orange County Facility\" \/>\n<meta property=\"og:description\" content=\"The company paid $34 million for a 276,585-square-foot property located in Garden Grove, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rexford-industrial-buys-orange-county-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-27T21:21:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Monarch-Industrial-marked.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rexford-industrial-buys-orange-county-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/rexford-industrial-buys-orange-county-facility\/\",\"name\":\"Rexford Industrial Buys Orange County Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rexford-industrial-buys-orange-county-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rexford-industrial-buys-orange-county-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Monarch-Industrial-marked.jpg\",\"datePublished\":\"2019-11-27T21:21:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rexford-industrial-buys-orange-county-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/rexford-industrial-buys-orange-county-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rexford-industrial-buys-orange-county-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Monarch-Industrial-marked.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Monarch-Industrial-marked.jpg\",\"width\":800,\"height\":620,\"caption\":\"Monarch Industrial . 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