738, 739, 744, 745 & 750 DESIGN CT., CHULA VISTA, CA
Five Buildings, 89,571 Square Feet
YEAR BUILT: 1987
Otay Valley Industrial Park is located in Chula Vista, San Diego County’s 2nd largest city. The buildings have excellent freeway access, with proximity to residential properties and the border crossings. The Park offers multi-tenant, incubator, warehouse, assembly and distribution spaces equipped with dock and grade doors. Spaces at the property range from 1,000 to over 7,000 square feet and cater to both national and local tenants.
Otay Valley Industrial Park was originally a 6 building purchase with significant vacancy. Due to the contamination of an adjacent property, the Park was purchased at a large discount to market value. The Park, however, was not contaminated and the Partnership acquired contamination insurance at a modest cost. After upgrades to the landscaping, fire sprinklers and exterior finishes, the Partnership sold the approximately 67,860 sq. ft. building in the rear. The proceeds paid off all debt on the Property. The Property is currently owned free and clear.