San Diego Industrial Asset Trades for $19M

The 205,800-square-foot facility located within the Foreign Trade Zone in Otay Mesa is fully leased to three tenants.

STAG Industrial Inc. has expanded its California portfolio with the acquisition of a 205,800-square-foot, Class A industrial facility in the Otay Mesa submarket of San Diego. With help from HFF, the property traded for $19.3 million, free and clear of existing debt.

Senior Managing Director Nick Psyllos and Director Nick Frasco, with the company’s San Diego office, led the investment sales team on behalf of the undisclosed seller…

San Diego Industrial Asset Trades for $19M


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