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21500 Harvill Ave, Perris, ...

Updated Dec 2, 2024

CH Realty Partners & Blumenfeld Development Group Acquires Industrial Property In Perris For $57.5M
SOLDIndustrial

CH Realty Partners & Blumenfeld Development Group Acquires Industrial Property In Perris For $57.5M

21500 Harvill Ave, Perris, CA, USA

$57,500,000

$172/SF

Building Size

333,572 SF

Asset Type

Industrial

Closing

Sep 28, 2021

About this deal

AI

Located at 21500 Harvill Ave. in Perris, this industrial property spans across 17 acres. The sale of this property was recently finalized, with the deal being facilitated by Lee & Associates and Colliers, acting as brokers. The property, with a total square footage of 333,572, was sold for a price of $57,500,000, resulting in a price per square foot of $172. The transaction took place on 09/28/2021.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $57,500,000
  • Square Footage: 333,572
  • Price Per Square Foot: $172
  • Address: 21500 Harvill Ave., Perris
  • Market: Perris
  • Buyer: CH Realty Partners & Blumenfeld Development Group
  • Seller: Rockefeller Group - Daniel J. Moore
  • Brokers: Lee & Associates, Colliers

The buyer in this transaction, CH Realty Partners & Blumenfeld Development Group, acquired the property from the seller, Rockefeller Group, who was represented by Daniel J. Moore. Both buyer and seller were supported by their respective brokerage firms, Lee & Associates and Colliers. This transaction highlights the active market in Perris and the significant investment made in this industrial asset.

On the Map

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$57,500,000

$172/SF

Industrial

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Players

BG
Blumenfeld Development GroupBuyer

Daniel J. Moore

Rockefeller Group

Seller

$491M

vol

13 deals

Seller
Bilt advertisement

Perris Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $172 per square foot on a published $57.5M for 333,572 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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