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400 Ellis Avenue

Link Logistics Acquires 800K SF Perris Warehouse From IDI Logistics For $183.86M
SOLDIndustrial

Link Logistics Acquires 800K SF Perris Warehouse From IDI Logistics For $183.86M

400 Ellis Avenue

$183,860,000

$230/SF

Building Size

799,522 SF

Asset Type

Industrial

Closing

Dec 29, 2023

AI

Link Logistics has purchased an 800,000-square-foot warehouse in Perris, California, for $183.86 million from developer IDI Logistics. The property, located at 400 E Ellis Ave., is part of a larger industrial complex and is currently occupied by The Home Depot. The sale price equates to a price per square foot of $230.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $183,860,000
  • Square Footage: 799,522
  • Address: 400 East Ellis Avenue, Perris
  • Market: Perris

Luke Petherbridge, representing Link Logistics, acted as the buyer in the transaction. Mark Saturno, representing IDI Logistics, served as the seller.

Players

Link Logistics Real Estate
Link Logistics Real EstateBrokerage

Luke Petherbridge

Link Logistics Real Estate

Buyer

$1B

vol

15 deals

Buyer
Mark Saturno

Mark Saturno

IDI Logistics

Seller

$886M

vol

7 deals

Seller

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

0.09%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93