Prologis Pays IDI Logistics $193.2MM for 1,008,000 SQFT Stratford Ranch Warehouse in Perris

The property involved in this transaction is a warehouse located at 4565 Redlands Avenue in Perris, California. The asset spans 1,008,000 square feet and was sold for $193,152,500, equating to approximately $192 per square foot. This sale represents the largest industrial transaction in the Inland Empire for the third quarter of 2026.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: $193,152,500
• Address: 4565 Redlands Avenue
• Market: Perris, CA
• Square Footage: 1,008,000
• Price Per Square Foot: $192
• Buyer: Hamid Moghadam - Prologis
• Seller: Mark Saturno - IDI Logistics

Hamid Moghadam represents Prologis in this transaction, while Mark Saturno represents IDI Logistics. The acquisition allows Prologis to enhance their presence in Perris, where they lease significant warehouse space to companies like Wayfair and DP World. The price paid is approximately 17% lower than the regional average for industrial properties on a per square foot basis.