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

Property Image
SOLD
$183,860,000
Luke Petherbridge
Mark Saturno

California

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Industrial799,522 SF
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SOLD

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

400 Ellis Avenue

See Similar Deals
Industrial799,522 SF
Sold
Luke Petherbridge
Mark Saturno
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$230
Total Square Footage:799522 SF
Transaction Type:Sale

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 Estate
BROKERAGE
Luke Petherbridge
Link Logistics Real Estate
Luke Petherbridge
15 deals$1B volume
BUYER
Luke Petherbridge
Luke Petherbridge
15 deals$1B volume
BUYER
Mark Saturno
IDI Logistics
Mark Saturno
6 deals$533.9M volume
SELLER

Details

SOLD
IMAGE: Luke Petherbridge & Mark Saturno DATE: 12/29/2023 ADDRESS: 400 East Ellis Avenue MARKET: Perris ASSET TYPE: Industrial BUYER: Luke Petherbridge - Link Logistics (@LinkLogisticsRE) SELLER: Mark Saturno - IDI Logistics SALE PRICE: $183,860,000 SF: 799,522 ~ PPSF: $230 NOTE: Link Logistics has purchased an 800,000-square-foot warehouse in Perris, California, for $183.86 million from developer IDI Logistics. The property at 400 E Ellis Ave., part of a larger industrial complex, is occupied by The Home Depot.

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Debt Service Coverage Ratio (DSCR)

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