MDH Partners Acquires Harvill Logistics Center In Perris For $112.3M
21500 Harvill Ave Perris, CA 92570, USA
$112,300,000
$336/SF
Building Size
333,570 SF
Asset Type
Industrial
Closing
Jul 10, 2023
AI
The Harvill Logistics Center in Perris, California has been sold for $112.3 million. The industrial facility spans 333,570 square feet and is located at 21500 Harvill Road. Situated in the Perris market, the property covers approximately 16.9 acres. With modern amenities and convenient access to transportation routes, the Harvill Logistics Center is fully occupied by Cypress Medical Products.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $112,300,000
- Address: 21500 Harvill Road
- Market: Perris
- Acres: 16.9
- Buyer: MDH Partners - Houston Hawley & Georga Rowe
- Seller: Blumenfeld Development Group & CH Realty
- Square Footage: 333,570
- Price per Square Foot: $337
MDH Partners, represented by Houston Hawley & Georga Rowe, purchased the Harvill Logistics Center. The acquisition of this fully occupied industrial facility offers MDH Partners a valuable asset with a prime location and modern amenities, enhancing their industrial real estate portfolio.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93