A large portfolio near the border that includes industrial and commercial spaces has been sold for $13.11 million, according to a brokerage.
The portfolio, at a total of 54,636 square feet of space, includes two freestanding multi-tenant industrial buildings, at 8662 and 8580 Avenida de la Fuente and 1641 Pacific Rim Court in Otay Mesa.
In addition, there are 10 industrial commercial condos that range from 533 to 3,714 square feet. Most include grade-level doors and/or shared access to a dock well.
CBRE’s Matt Harris and Matt Pourcho represented the buyer, Otay Condo LLC. According to the firm’s research, small, multi-tenant industrial properties like those in this transaction, are limited in Otay Mesa.
The client, said Harris, a senior associate at CBRE, was “looking for a unique property with significant upside, which is exactly what we found for him.”
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm, based on 2024 revenue.
The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries.
Read More Details
Finally We wish PressBee provided you with enough information of ( Industrial properties near border sold for $13.11 million )
Also on site :
- Country Star Reveals He Soiled Himself Onstage in Major 'TMI' Moment
- 'Fire Country' Star Stephanie Arcila Goes Inside Gabriela’s Stalker Storyline (Exclusive)
- Donald Trump’s Beef With the Fed