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6/30/22
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Dedeaux Properties LLC purchased two land parcels totaling 4.08 acres located at 945 and 995 W. Markham St in Perris for $5.96 mil. The land is planned for the development of an industrial facility.
Dedeaux Properties and its capital partners plan to develop an 89k sf industrial building ¬on the site that will be marketed to a single tenant. Construction is anticipated to complete in 2023.
Cody Lerner with Avison Young represented L.A.-based Dedeaux Properties in the acquisition. Stan Nowak, also with Avison Young, repped the seller of 945 W. Markham St. The seller of the second parcel was self-represented.
“With the industrial vacancy rate at an all-time low within the Inland Empire, we are seeing developers get more strategic in sourcing smaller sites in the east submarket. This was an excellent opportunity for Dedeaux to aggressively procure the site due to the asset size and location,” said Lerner.
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