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GLP Capital Partners Completes $90 Mil Inland Empire Purchase

12/21/22

GLP Capital Partners has closed out 2022 with the purchase of a 354.8k sf, single-tenant, NNN, Class-A Industrial facility in the Inland Empire for $90 mil ($254/sf). The asset is located at 251 E. Rider St, east of I-215 in Perris.

Built in 2019, the facility is situated on approximately 16.3 acres, with features including 47 dock-high doors with a fully secured truck court, 36-foot clearance height, and parking to accommodate 64 trailers and 183 autos. The property is currently 100% occupied by a leading Los Angeles-based third-party logistics company.

Michael Kendall, Gian Bruno, Kenny Patricia, Mark Zorn and Cory Whitman with Colliers represented the unnamed seller in the deal.




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