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18631 Seaton Avenue

Rivian Leases 49,500-Square-Foot Industrial Facility In Perris From Dedeaux Properties
LEASEDIndustrial

Rivian Leases 49,500-Square-Foot Industrial Facility In Perris From Dedeaux Properties

18631 Seaton Avenue

Building Size

49,500 SF

Asset Type

Industrial

Closing

Apr 16, 2026

AI

An industrial asset located at 18631 Seaton Avenue in Perris has been leased. The facility encompasses a total area of 49,500 square feet and is designated for light manufacturing purposes. This transaction reflects a part of the rising industrial demand in the Eastern Inland Empire market.

Summary of transaction details:

The leasing agreement was established to support Rivian's electric vehicle sales, servicing, charging, and repair operations. The deal highlights the competitive landscape for modern industrial facilities near key freeway corridors, particularly I-215.

Players

Mark Zorn

Colliers

Broker

$347M

vol

5 deals

Broker

Brett Dedeaux

Dedeaux Properties

Landlord

$143.8M

vol

7 deals

Landlord
RJ Scaringe

RJ Scaringe

Rivian

Tenant

7 deals

Tenant

Perris 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