Perris Airport Logistics Center
Spec Buildings Currently in Entitlements
Spec Buildings Currently in Entitlements
- 59.85 Acres on Goetz Rd. and Ellis Ave.
- Building 1 – 795,109 SF
- Building 2 – 71,961 SF
- 22.86 Acres on Case Rd. and Ellis Ave.
- Secured Trailer Parking Yard
- 291 Trailer Parking Spaces
- Currently processing entitlements
Our investment thesis focused on seizing the upside potential in developing specialized asset classes exhibiting high demand. With vacancy extremely limited at just 0.5% for mid-size 50-100k square foot warehouses regionally, a new 70k facility in Perris would lease rapidly at premium rates, with average asking rents for this size product increasing over 10% year-over-year.
At the other end, 795k square foot warehouses saw low 1.3% vacancy given rising demand for extra-large distribution centers, with over 10 million SF absorbed in this size range over the last 2 years.
Meanwhile, trailer parking most recently reported 1.7% overall vacancy across the Inland Empire, and rents for trailer storage have escalated to over $100 per space per month to accommodate increasing freight volumes.
By securing a site to meet these distinct supply-constrained segments – regional warehouse, big box industrial, and trailer parking – we can capitalize on favorable fundamentals and deliver a diversified product mix that serves both the current and future facility needs of today’s tenants.
