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450 Rider Street

IDI Logistics Leases 804,803 SF Industrial Building In Perris To Tenant Represented By Colliers And CBRE
LEASEDIndustrial

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:

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

Dan De La Paz

CBRE

Broker

$12.9M

vol

2 deals

Broker
Mark Saturno

Mark Saturno

IDI Logistics

Landlord

$886M

vol

7 deals

Landlord

Market Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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