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Black Creek Bags Otay Mesa Facility for $109M
Denver-based Black Creek Group acquired 2020 Piper Ranch Rd., a 601,417-square-foot multi-tenant industrial building in San Diego, for $109 million. The Class A facility is considered San Diego’s largest iconic industrial building.
The property is situated on more than 31 acres in the Otay Mesa submarket, optimally located with direct access to the U.S.-Mexico border. Built in 2003, the building features concrete tilt-up construction with varied bay sizes, as well as above-standard loading capabilities with grade and dock-high doors, up to 32-foot clear heights, sprinkler systems, and concrete truck courts.
Cushman & Wakefield’s Jeff Cole, Jeff Chiate, Bryce Aberg, Ed Hernandez, Mike Adey and Zach Harman advised Morgan Stanley Services Group in the sale.
Cole says, “2020 Piper Ranch Road is a state-of-the-art distribution/warehouse facility that presented the rare market opportunity for a critical mass of Class A industrial real estate that is 100% leased and situated in one of the fastest-growing submarkets in Southern California.”
CushWake had been tapped to market the asset in September.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


