An Otay Mesa multi-tenant warehouse and distribution center has been sold for $13.7 million.
The 132,661 square-foot Empire Centre at 7880 and 7920 Airway Road was sold by Kavenish LTD to National Investor TA Realty of Newport Beach.
The center has two buildings on nearly 8.6 acres of land near the Mexican border and Brown Field airport.
The buildings, which have a variety of bay sizes, a 24-foot clear height, grade and dock-high loading doors, sprinkling systems and a concrete truck court, are 95 percent leased.
Cushman & Wakefield investment specialists Bryce Aberg, Jeffrey Cole, Jeff Chiate, Ed Hernandez, Ryan Spradling and Brant Aberg represented the buyer and seller.
Bryce Aberg said Empire Centre is “among the finest properties of its kind in Otay Mesa.”
He said the center “has been meticulously maintained” since it was built in 1999.
Photo courtesy of Cushman & Wakefield.