Originally Six buildings, 286,000 sq. ft.
Stories: One, plus some mezzanines
Year built: 1992
Address: 9830 &9850 Siempre Viva Road; 2155, 2215 & 2295 Paseo De Las Americas, San Diego, CA
Summary: Otay Commerce Center is located in Otay Mesa, primarily an industrial hub adjacent to the Mexico-USA border. The Buildings are in a prime location within the area, with exceptional access to eateries and the border. Otay Commerce Center offers multi-tenant, incubator, warehouse and distribution spaces. Tenants enjoy high grade docks and loading doors, abundant parking and multiple bay sizes.
Semi-vacant purchase. New development. Interior and exterior modifications. Aggressive lease-up.
Deal Points: Otay Commerce Center was initially a 286,000 sq. ft. 6 building industrial park. It was acquired mostly vacant with minimal tenant improvements. The Partnership subsequently purchased the adjacent land in order to upgrade circulation and functionality. 24 dock doors were installed on a 90,000 sq. ft. building and a 52,000 sq. ft. build-to-suit building was constructed on the adjacent lot. A lot line adjustment was also completed in order to sell a 62,000 sq. ft. single tenant building in the rear of the Park. The Partnership has retained 5 buildings approximating 224,000 sq. ft.