Updated Apr 16, 2026
Medline Industries Leases 1,020,657 Square Feet At 815 Redlands Avenue In Perris
815 South Redlands Avenue
Building Size
1,020,657 SF
Asset Type
Industrial
Closing
Apr 15, 2026
About this deal
AI
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.
Players
Perris Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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