Rexford Industrial has acquired a 276,585-square-foot, fully occupied, multi-tenant industrial building in Garden Grove for $34 million. The property is located at 12752 to 12822 Monarch Street in Garden Grove, CA.

Built in 1971 with an additional section added in 1980, the property is situated on just over 11 acres and features clear heights of 18 and 22 feet, 346 parking spaces, 14 dock-high spaces, and 11 ground-level doors.

NKF's 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, Penwood Real Estate and Western Realco. Rexford Industrial was self-represented.

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.