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Tuesday, Jul 23, 2024
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Otay Mesa Industrial Property Sells for $3.5 Million

A buyer recorded as TP Otay Mesa LLC has acquired a two-parcel industrial site in Otay Mesa for $3.5 million, according to brokerage firm Lee & Associates.

The seller of the property at 8710 Avenida de la Fuente, which includes a 23,634-square-foot building on 2.5 acres, was Cactus Road LLC of San Diego. The buyer was represented by Lee & Associates’ Greg Pieratt and Alex Weiss, and the seller was represented by Tim Mills of CBRE Group Inc.

Brokers said the sale is the first part of a two-part acquisition, with an additional 1.6 acres in escrow and set to close in early 2017.

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