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.