Avison Young completed the $8.824-million sale of a 31,488-square-foot industrial property located at 7577 Airway Rd. in the Otay Mesa submarket of San Diego. Associate Tanner Johnson and principal Jamie Endres-Keller, along with Barry Katz and Blake Katz of WGS Realty, represented the seller, a Miami-based private investor. Price Real Estate Investments represented the undisclosed buyer.
Located just 2.5 miles from the U.S.-Mexico border crossing, the property benefits from its position within one of the strongest logistics hubs in the greater San Diego region, serving businesses engaged in cross-border trade, manufacturing and distribution.
“Our team executed an efficient closing process and generated strong interest in the property,” said Johnson. “Opportunities to acquire industrial assets in Otay Mesa remain limited and this transaction underscores the continued demand for well-located industrial assets in Otay Mesa. Properties that offer functional loading capabilities and immediate access to cross-border trade routes are highly sought after by both owner-users and investors.”
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