Marcus & Millichap, a leading commercial real estate firm, recently announced the successful sale of an industrial facility in San Diego’s highly desirable Otay Mesa submarket. The property, located at 9870 Marconi Dr., was sold for $5.2 million.
According to Ali Valiahdi, investment associate at Marcus & Millichap’s San Diego Del Mar office, the Otay Mesa submarket is experiencing significant growth and development. Valiahdi and his team of investment specialists – Ben Tashakorian and Peter Eltaeb – facilitated the direct sale of the property from its previous owner (Otay BKR LLC) to Q City LLC for their lamination business. The trio represented both parties in this transaction.
The 20,000-square-foot building sits on a manageable 1.04-acre lot – a unique feature compared to larger industrial properties typically found in this area. This presents an attractive opportunity for smaller buyers who are looking to enter into this market but may not have access to institutional-level properties or investments opportunities through traditional channels.
For more information on this recent transaction or other commercial real estate news and updates in Southern California markets like Los Angeles or Texas areas such as Dallas-Fort Worth or Houston , please visit Connect CRE .
