NFI Industries Extends 864 KSF Inland Empire Lease

Perris Distribution Center. Image courtesy of Newmark

Supply chain solutions provider NFI Industries has renewed its full-building lease at Perris Distribution Center in Perris, Calif. The tenant extended the 864,000-square-foot commitment at the industrial warehouse owned by Ares Management.

Newmark Executive Managing Directors Mark Kegans and Ron Washle, alongside Managing Director Dean Washle, represented the landlord.

A CommercialEdge industrial report shows that, as of December 2022, the Inland Empire had the most significant rent growth, with rents increasing 14.2 percent last year, above the national average of 6.3 percent. Inland Empire also had the lowest vacancy rate in the country, at only 1.1 percent, followed by Nashville, Columbus, Indianapolis and Los Angeles.

Class A warehouse in East Inland Empire

According to the same data provider, the facility was subject to a construction loan in 2016, of $35.2 million, provided by Associated Bank. Perris Distribution Center is LEED Gold certified.

The two-story building was completed in 2017 and sits on 44 acres. The Class A cross-dock facility is expandable to more than roughly 1.1 million square feet, includes 7,000 square feet of office space, and features 36-foot clear heights, ESFR sprinkler system, LED warehouse lighting, 112 dock-high doors and concrete truck courts. The property offers 298 auto parking spaces and 224 trailer parking spots, with the possibility of increasing that number in an auxiliary parcel.

The warehouse is located at 657 Nance St. and has access to Interstate 215, facilitating the connection to the wider Riverside and San Bernardino counties. Los Angeles is 68 miles away. Industrial neighbors in the area include Home Depot, Amazon, General Mills, Lowe’s, iHerb and Wayfair, among others.