Harvill Logistics Middle. Picture courtesy of MDH Companions
MDH Companions has bought Harvill Logistics Middle, a 333,570-square-foot industrial facility in Perris, Calif. In keeping with Riverside County public information, the asset traded for $112.3 million. The vendor was a three way partnership between Blumenfeld Improvement Group and CH Realty. The constructing is absolutely occupied by international health-care firm Cypress Medical Merchandise.
The identical supply exhibits that the asset beforehand traded in 2021 for $57.5 million, when it was offered by developer Rockefeller Group.
Accomplished in 2021, Harvill Logistics Middle is a one-story concrete constructing with 36-foot clear heights, two grade degree doorways and 46 dock-high doorways, CommercialEdge information exhibits. The Class A property additionally features a two-story workplace part of roughly 7,976 sq. ft, 64 trailer parking spots, 191 car parking areas and a concrete truck court docket.
Located on 16.9 acres at 21500 Harvill Street, the asset has quick entry to Interstate 215 and is 17 miles from Riverside, Calif., 27 miles from SBD Worldwide Airport and inside 55 miles of Irvine, Calif. Moreover, the close by Cajalco Expressway supplies quick access to Santa Ana, Calif., and Anaheim, Calif., in addition to to Los Angeles.
Rising California footprint
MDH Companions Vice President of Acquisition Houston Hawley and Managing Director Georga Rowe organized the transaction. With this funding, the corporate’s California footprint elevated to greater than 460,000 sq. ft.
Nationwide, the Atlanta-based firm bought greater than 5 million sq. ft of business area because the starting of 2023, together with a 1.4 million-square-foot portfolio within the Atlanta and Memphis, Tenn., metro areas.
In April, MDH paid $67.5 million for a 670,914-square-foot industrial facility in Fort Value, Texas. Van Belief Actual Property offered the absolutely leased asset.
