4205-4247 Ponderosa Ave, San Diego, CA
EIGHT BUILDINGS, 156,079 SQ. FT.
YEAR BUILT: 1978
Kearny Mesa Landing is a 156,079 square foot Industrial/R&D/Flex park that sits on 9.46 acres in the Kearny Mesa sub-market. The property is centrally located, as it has proximity to major arterials through the sub-market, I-15, and CA-163. There is a mix of local and credit tenancies at the park, which was 97.8% leased upon acquisition.
The property fit the acquisition criteria due to its i) excellent investment potential based on financial and physical improvements to the property and ii) location within Kearny Mesa, which will potentially see robust growth in employment and housing demographics over the coming decades. This purchase is viewed through a long-term investment lens with a diverse tenant roster in a location that will appreciate over time.