Saturday, June 10, 2017

HFF closes $19.3 million sale of industrial facility in the Otay Mesa submarket of San Diego, CA

2055 Dublin Drive Industrial Property, South San Diego, CA
                                                                                       (Photo by Bill Robinson Photography)

Nick Frasco
SAN DIEGO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $19.3 million sale of a 205,800-square-foot, fully-leased industrial facility in south San Diego within close proximity to the Otay Mesa Port of Entry at the U.S./Mexico international border.

HFF marketed the property on behalf of the seller.  STAG Industrial, Inc. purchased the asset free and clear of existing debt.

Situated on 11.65 acres, 2055 Dublin Drive is an industrial / manufacturing building that is fully leased to three tenants: Honeywell International, Inc.; Cubic Corporation; and SigmaTron International, Inc. 

The building features 24-foot clear heights, 29 loading doors and an above-standard 2.0:1,000 parking ratio. The facility is 1.5 miles from the privately operated Otay Mesa Cross Border Xpress bridge and 4.7 miles from the Otay International Border crossing into Tijuana, Mexico.  Additionally, the property is just off the Otay Mesa Freeway and has access to Interstates 5, 8, 15 and 805. 
The HFF investment sales team representing the seller was led by director Nick Frasco and senior managing director Nick Psyllos.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

No comments: