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9830, 9850 Siempre Viva Road & 2155, 2215, 2295 Paseo De Las Americas, San Diego, CA
Five BUILDINGS, 286,000 SQ. FT.
STORIES: ONE, PLUS SOME MEZZANINES
TYPE: INDUSTRIAL
YEAR BUILT: 1992
TENANCY: MULTI
Otay Commerce Center is located in Otay Mesa, primarily an industrial hub adjacent to the Mexico-USA border. The Buildings are in a prime location within the area, with exceptional access to eateries and the border. Otay Commerce Center offers multi-tenant, incubator, warehouse and distribution spaces. Tenants enjoy high grade docks and loading doors, abundant parking and multiple bay sizes.
Otay Commerce Center was purchased in 1996 as a 6-building industrial park comprised of approximately 286,000 square feet. It was acquired with significant vacancy and minimal tenant improvements. The Partnership subsequently purchased the adjacent land in order to upgrade circulation and functionality. 24 dock doors were added to one of the buildings and a 52,000 square foot build-to-suit building was constructed on the adjacent lot. A lot line adjustment was also completed in order to sell one of the buildings (of approximately 62,000 square feet) in the rear of the Park. The Partnership currently owns the remaining 5 buildings totaling approximately 224,000 square feet.
This Class B Office building was approximately 96% leased when acquired and represented an opportunity to improve the quality of an already stabilized asset.
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