Industrial Property in Otay Mesa Bought for $4M by Firm with Expansion Plans ...Middle East

Times of San Diego - News
Industrial Property in Otay Mesa Bought for $4M by Firm with Expansion Plans
Marconi Drive. Photo credit: Screen shot, Google Street View A 93,218-square-foot industrial property at 9940 Marconi Drive in Otay Mesa has been sold for $4 million, or $43 per square foot. Ramin Salehi, Joe Smith and John Smith of CBRE represented the seller, Westport Properties, a development company based in Newport Beach that focuses on self-storage and industrial spaces. Jacob Castro and Chris Nelson of Inland Pacific represented the buyer, PGM Investments LLC, in the transaction. “The demand for industrial outdoor storage is still very active in the Cali Baja region,” Salehi said. “With two to five-acre yards being extremely limited in the Otay Mesa market, we were able

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