Colliers has arranged the sale of an 87,000-square-foot industrial building in the San Diego submarket of Otay Mesa. The firm’s Mark Lewkowitz and Chris Holder represented the buyer, Dalfen Industrial, and the seller, a partnership between Alcion Ventures and LPC West, in the $25 million transaction.
“Over the last few years, Otay Mesa has become a much more dynamic market for institutional investors,” said Lewkowitz. “The shift is fueled by the nearshoring trend in Mexico, quality of product manufactured and the record-low vacancy rate. Otay Mesa had more absorption in 2021 than anywhere else in San Diego County, and the market is on track for another record year.”
The property features 20 dock-high doors, two grade-level roll-up doors, 28-foot clear height, 1,500 amp, a 180-foot truck court and nearly 7,000 square feet of office space. Dalfen Industrial plans to lease the property following minimal tenant improvements to the office spaces.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.