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21500 Harvill Ave Perris, C...

MDH Partners Acquires Harvill Logistics Center In Perris For $112.3M
SOLDIndustrial

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

MDH Partners
MDH PartnersBrokerage
MDH Partners
MDH PartnersBuyer

Georga Rowe

MDH Partners

Buyer

$112.3M

vol

2 deals

Buyer

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