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IDS Buys 4-Building Otay Mesa Industrial Portfolio
An affiliate of IDS Real Estate Group acquired a four-building industrial portfolio totaling 544,864 square feet in San Diego’s Otay Mesa submarket. Situated on 28.1 acres within the Siempre Viva Business Park, the 99%-leased portfolio is located at 8690 Kerns St., 2660 Sarnen St. and 8863 and 9043 Siempre Viva Rd.
Originally constructed between 2001 and 2003, the portfolio properties feature 24- to 32-foot clear heights, wide truck courts, loading via 98 dock-high and 14 grade-level doors, an above-standard parking ratio and low office build-out.
HFF’s Nick Frasco, Nick Psyllos and Andrew Briner represented the unnamed seller.
“The Siempre Viva Portfolio represented an exceptional opportunity to acquire a critical mass of institutional-quality industrial logistics product in a highly desirable Southern California location,” Frasco said.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


