Kenco Logistics Leases Warehouse At 1301 Harley Knox Blvd In Perris
1301 Harley Knox BLVD, Perris, CA, 92...
Building Size
397,351 SF
Asset Type
Warehouse
Closing
May 12, 2021
AI
The warehouse located at 1301 Harley Knox Blvd in Perris, CA, spanning 397,351 square feet, was leased in a recent transaction. The landlord, AEW Capital Management, secured a lease agreement with the tenant, Kenco Logistics Services, LLC. Mark Kegans and Ron Washle from Newmark represented the tenant in this deal.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not Applicable
- Address: 1301 Harley Knox Blvd, Perris, CA
- Market: Perris
- Tenant: Kenco Logistics Services, LLC
- Landlord: AEW Capital Management
- Square Feet: 397,351
- Tenant's Rep: Mark Kegans(Newmark), Ron Washle(Newmark)
Mark Kegans and Ron Washle, both from Newmark, played crucial roles as the tenant's representatives in the leasing agreement. Their expertise and negotiation skills were instrumental in finalizing the lease for the sizable warehouse in Perris, CA.
Players
Perris Warehouse Market Snapshot
Boundary boundary · Warehouse · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93