Via de la Amistad Industrial Property Sells for $3.35M

Marcus & Millichap (NYSE: MMI) has sold a 10,140-square-foot industrial property in San Diego for $3,350,000.

Ben Tashakorian, senior managing director, along with Peter Eltaeb, Ali Valiahdi & Conor Brennan, investment specialists in Marcus & Millichap’s San Diego Del Mar office, had the exclusive listing to market the property on behalf of the seller, a private client based out of La Jolla.

Chris Nelson & Ben Turner, investment specialists at IPCRE, Inc. DBA Inland Pacific represented the buyer.

The buyer was a candy manufacturer based out of San Diego who has been growing their operations year over year. The subject property had been previously permitted for use as a medical marijuana facility.

Built in 1993, the property had 20-foot clear heights, five roll-up doors and was located in the Foreign Trade Zone and California Enterprise Zone at 9874 Via de la Amistad in San Diego, California.

The asset had recently undergone a complete upgrade/renovation. The sale is a sign of the growing demand in the Otay Mesa submarket.