Updated Oct 29, 2024
GLP Capital Partners Acquires 16.3 Acres Industrial Property In Perris For $90M
251 E Rider St, Perris, CA 92571
$90,000,000
$254,237/SF
Building Size
354 SF
Asset Type
Industrial
Closing
Dec 20, 2022
About this deal
AI
The industrial property located at 251 East Rider Street in Perris has been sold. The property spans approximately 16.3 acres and is part of the industrial market.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $90,000,000
- Square Footage: 354,810
- Price per Square Foot: $254
- Date of Sale: 12/20/2022
The buyer of the property is GLP Capital Partners, while the seller is WPT Capital Advisors. The deal was facilitated by brokers Michael Kendall, Gian Bruno, Kenny Patricia, Mark Zorn, and Cory Whitman from Colliers. They represented the respective parties involved in the transaction.
Players
Perris 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93