Owner-Occupier Snags Otay Mesa Industrial

Marcus & Millichap closed the sale of a 20,000-square-foot industrial facility situated in San Diego’s Otay Mesa submarket. Located at 9870 Marconi Dr., the property was acquired for a total of $5,200,000.

Ali Valiahdi, investment associate in Marcus & Millichap’s San Diego Del Mar office, noted that the “sought-after” Otay Mesa submarket is “witnessing a boom in development projects.” Valiahdi, alongside investment specialists Ben Tashakorian and Peter Eltaeb facilitated the sale of a property directly from its previous owner, Otay BKR LLC, to Q City LLC, which intends to use the building for its lamination business. The trio held the exclusive rights to market the property for the seller and also successfully procured the buyer.

As a 20,000-square-foot structure on a 1.04-acre lot, the property presents a contrast with the larger industrial buildings typical of the area. Its manageable size presents a rare opportunity for smaller, non-institutional buyers to penetrate the market, according to Marcus & Millichap. 

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