**Bendetti Makes First Industrial Acquisition in San Diego**
Bendetti, a national investor and asset manager specializing in industrial properties and headquartered in Irvine, has announced the acquisition of a 72,158-square-foot multi-tenant industrial facility located at 9605 Airway Rd. in the Otay Mesa submarket of San Diego. This marks the firm’s first industrial acquisition in the San Diego market.
The property was acquired for an undisclosed amount. The seller was represented by Cushman & Wakefield’s team including Bryce Aberg, Louay Alsadek, Maddie Mawby, Charlie Jacobs, and Ryan Demarest. Additional advisory on the local market was provided by Cushman & Wakefield professionals Regan Tully, Erik Parker, Brant Aberg, SIOR, and Trent Smith.
“San Diego continues to demonstrate strong fundamentals and long-term growth potential for multi-tenant industrial properties, making it an ideal fit for our portfolio,” said Jon Moyer, Director of Acquisitions at Bendetti. “The strategic location, asset quality, and unit sizes position us well to meet the evolving demands of industrial users in San Diego.”
The property includes four highly functional light industrial units, ranging in size from 16,023 to 20,056 square feet, and is currently 50% leased to two tenants.
