Industrial properties near border sold for $13.11 million

Times of San Diego will send you the top local and state news at 8 a.m., 365 days a year, plus alert you to major breaking news.

By clicking sign up, you agree to our terms . A large portfolio near the border that includes industrial and commercial spaces has been sold for $13.11 million, according to a brokerage.



The portfolio, at a total of 54,636 square feet of space, includes two freestanding multi-tenant industrial buildings, at 8662 and 8580 Avenida de la Fuente and 1641 Pacific Rim Court in Otay Mesa. In addition, there are 10 industrial commercial condos that range from 533 to 3,714 square feet. Most include grade-level doors and/or shared access to a dock well.

CBRE’s Matt Harris and Matt Pourcho represented the buyer, Otay Condo LLC. According to the firm’s research, small, multi-tenant industrial properties like those in this transaction, are limited in Otay Mesa. Times of San Diego is devoted to producing timely, comprehensive news about San Diego County.

Your donation helps keep our work free-to-read, funds reporters who cover local issues and allows us to write stories that hold public officials accountable. Join the growing list of donors investing in our community's long-term future. The client, said Harris, a senior associate at CBRE, was “looking for a unique property with significant upside, which is exactly what we found for him.

” CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm, based on 2024 revenue. The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries.

Get Our Free Daily Email Newsletter Get the latest local and California news from Times of San Diego delivered to your inbox at 8 a.m. daily.

Sign up for our free email newsletter and be fully informed of the most important developments..