7900 Nelson Road

Rexford’s ability to execute quickly created opportunity to reposition and lease up.

Off market acquisition opportunity to demise, reposition, and lease up. In 2014 we purchased 7900 Nelson Road, a best-in-class, 203,000 square foot, vacant building located in the San Fernando Valley. We were able to capture this opportunity as the seller was exchanging and looking for a quick sale from an established buyer. We repositioned the vacant building and created two 100,000 SF spaces, with enhanced functionality and reconfigured office space plus cosmetic upgrades. We initially projected a 5.9% stabilized yield, and at 100% lease-up we surpassed our expectations and achieved a 6.6% stabilized yield.