GLP Capital Partners Acquires Property At 251 E Rider St Perris For $90 Million
SOLD
$90,000,000
California
See Similar DealsWarehouse354,810 SF
Sold 12/20/2022
SOLD
GLP Capital Partners Acquires Property At 251 E Rider St Perris For $90 Million
251 E Rider St, Perris, CA, 92571
See Similar DealsWarehouse354,810 SF
Sold 12/20/2022
Summary
CALIFORNIA
Asset Type:Warehouse
Price Per Square Foot:$253
Total Square Footage:354,810 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 251 E Rider St, Perris, CA, 92571. It encompasses a total square footage of 354,810 and has a transaction price of $90,000,000. The market for this property is Perris.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $90,000,000.00
- Address: 251 E Rider St, Perris, CA, 92571
- Market: Perris
- Square Footage: 354,810
- Seller's Representatives: Mark Zorn-Colliers International, Cory Whitman-Colliers International
- Buyer: GLP Capital Partners
This transaction involves the collaboration of key individuals and firms, with Mark Zorn and Cory Whitman representing the seller's interests through Colliers International. The buyer in this transaction is GLP Capital Partners, indicating an investment in the Perris market.
Players
BUYER
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,800,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$319,750.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$426,645.92
Annual Debt Service$5,119,750.99
Is there something missing? Send suggestions