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Medline Industries Leases 1,020,657 Square Feet At 815 Redlands Avenue In Perris
LEASED
California
See Similar DealsIndustrial1,020,657 SF
Leased 04/15/2026
LEASED
Medline Industries Leases 1,020,657 Square Feet At 815 Redlands Avenue In Perris
815 South Redlands Avenue
See Similar DealsIndustrial1,020,657 SF
Leased 04/15/2026
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1,020,657 SF
Transaction Type:Lease
The asset at 815 Redlands Avenue in Perris is an industrial property encompassing 1,020,657 square feet. This lease marks one of the largest industrial transactions in the Inland Empire in early 2026, significantly enhancing the location's market value within the industrial sector.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 815 Redlands Avenue
- Market: Perris
- Square Footage: 1,020,657
- Tenant: Medline Industries
Medline Industries signed the lease agreement as part of its strategy to bolster its West Coast distribution capabilities, reflecting its national logistics expansion following its IPO, despite the challenges posed by rising vacancy and softening rents in the regional industrial market.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$58,503,443.33
Total Lease Value
$585,034,433.32
Net Landlord Cash Flow$58,503,443.33
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