IDI Logistics Leases 804,803 SF Industrial Building In Perris To Tenant Represented By Colliers And CBRE
450 Rider Street
Building Size
804,803 SF
Asset Type
Industrial
Closing
Apr 21, 2025
AI
IDi Logistics has leased a 804,803 square foot industrial building located at 450 East Rider Street in the Perris market. This transaction is significant as it reflects the ongoing demand for industrial space in the Inland Empire region.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 450 East Rider Street
- Market: Perris
- Landlord: Mark Saturno - IDI Logistics
- Brokers: Cory Whitman & Mark Zorn - Colliers; Dan De La Paz & Jeff Fritch - CBRE
The lease transaction was facilitated by a collaboration between two brokerage firms, Colliers and CBRE, representing the interests of the landlord and tenant. This deal is noted as a major industrial lease for the first quarter of 2025.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93