Updated Dec 4, 2024
KKR Real Estate Partners Americas II Fund Acquires Property From Rockefeller Group For $43.5M
4150 Patterson Ave, Perris, CA, 92571
$43,500,000
$107/SF
Building Size
406,650 SF
Asset Type
Industrial
Closing
Jan 31, 2019
About this deal
AI
The property involved in this transaction is an industrial distribution building situated at 4150 Patterson Ave, Perris, CA, 92571. The building encompasses 406,650 square feet and was part of the Optimus Logistics Center in Perris. The sale price for this newly constructed asset was $43,500,000.00.
Summary of transaction details:
- Property Type: Industrial Distribution Building
- Transaction Amount: $43,500,000.00
- Address: 4150 Patterson Ave, Perris, CA, 92571
- Market: Perris
- Square Footage: 406,650
- Buyer: KKR Real Estate Partners Americas II Fund
- Seller: Rockefeller Group
- Completion Date of Optimus Logistics Center: September 2018
Mike McCrary from JLL represented both the buyer, KKR Real Estate Partners Americas II Fund, and the seller, Rockefeller Group, in this transaction. Other representatives from JLL included Peter McWilliams, Sharon Wortmann, and Scott Coyle.
On the Map
$43,500,000
$107/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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93