Perris Land Sale Primed for Industrial Facility

Avison Young has brokered a two-parcel, 4-acre land sale in Perris, CA for the development of an industrial complex. The firm’s Stan Nowak represented the seller for one of the parcels located on Markham Street, and Principal Cody Lerner represented the buyer in the $6 million dollar deal.

Dedeaux Properties, which purchased the two parcels, will develop an 89,000-square-foot industrial building on the site marketed to a single tenant. Construction is anticipated to complete in 2023.

“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 in a news release.