Updated Dec 4, 2024
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
About this deal
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.
On the Map
$183,860,000
$230/SF
Industrial
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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
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93