PCCP provided a $39.2-million senior loan to a joint venture involving Sudberry Properties for the cash-neutral refinance of California Crossing, a two-building, 45% leased, 450,000-square-foot industrial park located at 717 and 755 Harvest Rd. in San Diego. Aldon Cole of JLL marketed the financing opportunity.

California Crossing consists of two fully sprinklered, ESFR-equipped, Class A industrial buildings with 32’ clear heights, thermoplastic polyolefin roofs and LED lighting. Amazon currently leases one of the buildings, spanning 202,000 square feet. The second, 248,000-square-foot building is currently vacant.

Built in 2023, the property is within the Otay Mesa submarket at the intersection of SR-125 and SR-905, 15 miles from the San Diego CBD and 1.5 miles from the U.S.-Mexico border. The area benefits from more affordable rental rates compared to the broader San Diego market, its proximity to the border and a large labor pool, and its connectivity to San Diego’s dense population base.

Don’t miss Carter Andrus, Chief Operating Officer of Prologis, as the keynote interview at Connect Industrial Midwest— taking place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, IL.