Property profile

0 Mapes Rd Perris, CA 92570

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional ±64.1-acre parcel in Perris, CA, presents a prime opportunity for the development of a state-of-the-art industrial facility. The property is fully entitled for a ±1,396,020 square foot Class A cross-dock building, approved by the City of Perris in January 2024. This ready-to-build site boasts a compelling design, including a 42-foot clear height, 56' x 60' column spacing, and 217 dock-high loading doors. Extensive concrete yards, secured by gates, feature 192' and 196' truck courts. Ample parking is provided with 478 auto and 381 trailer spaces. Convenient access is ensured through multiple points of entry, including a truck entrance on Mapes Road. The offsite improvements, to be completed by 2025, can proceed concurrently with building construction. Strategically located 2.4 miles from Interstate 215, this site offers unparalleled access to a substantial market, serving 3.5 million people within a 30-mile radius. The property's location within the Inland Empire, known for its robust industrial market and high pre-leasing rates, makes this a truly exceptional investment opportunity. The APN is 330-120003, and the zoning is M2-General Industrial. This is a rare chance to capitalize on the high demand and limited supply of large-scale industrial land in this thriving market.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Mapes Rd Perris, CA 92570
Perris metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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