2253 Apparel Inc. Secures $97.4M Acquisition Loan For Industrial Property In Perris, CA
100 W Walnut Ave, Perris, CA 92571
$97,400,000
$473/SF
Building Size
205,830 SF
Asset Type
Industrial
Closing
Sep 21, 2022
AI
An industrial property located at 100 Walnut Avenue in Perris, CA has recently been involved in a loan transaction. The property spans approximately 205,830 square feet and sits on a 10-acre lot. It is owned by 2253 Apparel Inc.
Summary of transaction details
- Property Type: Industrial
- Loan Amount: $97,400,000
- Loan Type: Acquisition Loan
- Lenders: Israel Discount Bank of New York & Valley National Bank
- Landlord: 2253 Apparel Inc.
The loan, which was obtained on September 22, 2022, amounts to $97,400,000 and is categorized as an acquisition loan. The lenders involved in the transaction are Israel Discount Bank of New York and Valley National Bank. 2253 Apparel Inc. serves as the landlord.
Players
Perris Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93