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Avison Young completes $8.824 million sale of Otay Mesa industrial asset
The 31,488-square-foot property at 7577 Airway Rd. is 2.5 miles from the U.S.-Mexico border crossing, positioning it for cross-border trade, manufacturing, and distribution demand.
Avison Young has completed the $8.824-million sale of a 31,488-square-foot industrial property in San Diego’s Otay Mesa submarket, according to ConnectCRE.
The asset is located at 7577 Airway Rd., about 2.5 miles from the U.S.-Mexico border crossing, and is described as benefiting from its proximity to a major logistics hub that serves businesses tied to cross-border trade, manufacturing, and distribution.
ConnectCRE reports that Tanner Johnson and Jamie Endres-Keller, along with Barry Katz and Blake Katz of WGS Realty, represented the seller, a Miami-based private investor.
Price Real Estate Investments represented the undisclosed buyer, and Johnson said the transaction reflected strong interest in well-located Otay Mesa industrial assets as available opportunities remain limited.