facebook
Traded Co logo
Submit

Ares Management Leases 864,000 SF Office In Perris, CA

Property Image
LEASED

California

See Similar Deals
Office864,000 SF
the dealplayerscompscontact
Property Image
LEASED

Ares Management Leases 864,000 SF Office In Perris, CA

657 West Nance Street

See Similar Deals
Office864,000 SF
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:864,000 SF
Transaction Type:Lease

The Perris Distribution Center in Perris, California, has seen a lease renewal by NFI Industries, a supply chain solutions provider, for its 864,000-square-foot office space. The property, located at 657 W Nance St, features a two-story, cross-dock facility that is expandable to 1.1 million square feet. It offers 7,000 square feet of office space, minimum 36-foot warehouse clearance, ESFR sprinkler systems, LED warehouse lighting, 112 dock-high loading doors, and concrete truck courts. Additionally, the 43-acre parcel provides ample parking with 298 auto parking spaces and 224 trailer parking spaces.

Summary of transaction details:

Mark Kegans, Ron Washle, and Dean Washle, representing Ares Management, facilitated the lease renewal between NFI Industries and the landlord. The property, known as the Perris Distribution Center, not only boasts extensive square footage but also offers modern amenities aimed at enhancing the tenant's operational efficiency. With its strategic location and well-equipped features, the lease renewal signifies a continued partnership between the tenant and the landlord.

Players

Ron Washle
6 deals
BROKER

Mark Kegans
Newmark
6 deals
BROKER

Ares Management
LENDER

Details

LEASED
IMAGE: 657 W Nance St, Perris, CA, 92571 MARKET: Perris ASSET TYPE: Office LANDLORD'S REP: Mark Kegans(Newmark), Ron Washle(Newmark) LANDLORD: Ares Management SQUARE FEET: 864000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$49,523,958.63

Total Lease Value

$495,239,586.26

Net Landlord Cash Flow$49,523,958.63