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

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.