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12/21/22
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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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