Just outside of San Diego, in Otay Mesa, Dalfen Industrial is continuing its California expansion with the purchase of Otay West Logistics center at 6800 Gateway Park. Dalfen is also purchasing the Stockton Supply Chain Center III at 2230-2248 Stagecoach Rd. in Stockton, Calif., according to a news release.
Near the U.S./Mexico border, Otay West Logistics Center is a 62,875 square foot industrial property. Built in 2005, the property features 24′ clear heights, a ±170′ truck court, 15 dock-high doors, 4 drive-in doors and ample parking.
The property was acquired through a relationship with a local broker (Rob Hixson of CBRE) and is 100% leased to DHL. The area is full of notable tenants including companies like Fedex, Amazon, Kraft, Honeywell, Bose, Panasonic and Costco.
In the East Bay, across from San Francisco, the Stockton Supply Chain Center III is Dalfen’s fifth regional acquisition over the last year. It is a two-building, 121,280 square foot property. It is 100 percent occupied with the largest tenant, Fairview Distribution, entering a short-term sale-leaseback.
This opportunity was sourced off-market through a relationship with Mike Goldstein, Ryan McShane and Alex Hoeck of Colliers International.