Otay South Logistics Center, is a 66,243 square foot industrial property located in the Otay Mesa submarket of San Diego. Built in 2000, the rear-loading property features 24′ headroom, a 128′ truck yard and 14 dock-height doors. Notable tenants in the area include companies like FedEx, Amazon, kraft, Honeywell, Bose, panasonic and Costco.
The property is located ± 1 mile from Highway 905, which provides access to I-5 and I-805 to the west as well as SR-125 and the Otay Mesa Harbor input to the East. Proximity to the Otay Mesa Harbor input, the largest commercial land port of entry, and the commercial area are distinct attractions in the region allowing tenants to efficiently move goods across the border and achieve significant cost savings, and are a reliable source of labor -work. The property is also less than 5 miles from the Tijuana Airport20 miles from the Port San Diego25 miles from the San Diego international airportand close to train and rail transport.
“Dalfen’s acquisition of Otay South Logistics Center provides another last mile location for the service the San Diego one 3.3 million people,” said Rich Weiss, market agent at Dalfen. “Only 10 miles from the coast to the mountains, San Diego is highly supply constrained and, in conjunction with strong and unique demand drivers, supports very favorable market conditions. We will continue to target building and land acquisitions throughout the metro. »
“This acquisition illustrates our continued focus on adding strategically located West Coast industrial assets to our portfolio to strengthen our footprint as a last-mile distribution center in the region,” said Sean Dalfen, President and Chief Investment Officer at Dalfen Industrial. In the past 12 months between development and acquisitions, Dalfen Industrial has added over $1.2 billion of assets to its West Coast portfolio.
Dalfen Industrial is one of the largest buyers and developers of industrial real estate in the country and is a leader in the last mile real estate sector. Their investment focuses on strategically located infill urban warehouses and distribution buildings. Dalfen, currently owns and operates nearly 40M feet of industrial properties across the country.
SOURCE Dalfen Industrial