Updated Oct 29, 2024
GLP Capital Partners Acquires Property At 251 E Rider St Perris For $90 Million
251 E Rider St, Perris, CA, 92571
$90,000,000
$253/SF
Building Size
354,810 SF
Asset Type
Warehouse
Closing
Dec 20, 2022
About this deal
AI
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
Perris Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93