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8140 Saint Andrew's Avenue

Republic Moving & Storage Renews 77,154 Square Foot Lease At 8140 Saint Andrew's Avenue In San Diego
LEASEDIndustrial

Republic Moving & Storage Renews 77,154 Square Foot Lease At 8140 Saint Andrew's Avenue In San Diego

8140 Saint Andrew's Avenue, 8140 St. Andrews Avenue & 8140 Saint Andrew's Avenue

Building Size

231,462 SF

Asset Type

Industrial

Closing

May 14, 2026

AI

The property asset involved in the transaction is an industrial space located at 8140 Saint Andrew's Avenue in San Diego, CA. The total square footage of the property is 77,154 and is part of the 227,268-square-foot Majestic Sunroad Center Class-A industrial park.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Landlord: Reon Roski - Majestic Realty
  • Landlord: Aaron Feldman - Sunroad Enterprises
  • Tenant: Bill Lovejoy - Republic Moving & Storage
  • Market: San Diego, CA
  • Market Details: Otay Mesa posted more than 851,000 square feet of positive net absorption during the quarter.

Republic Moving & Storage renewed its lease with the landlords, Majestic Realty Co. and Sunroad Enterprises, under the joint venture entity Majestic Sunroad I, LLC. This renewal marks one of the county's largest industrial lease transactions of the first quarter of 2026, reflecting the ongoing demand for cross-border logistics space.

Players

RS
Republic Moving & StorageBuyer

Reon Roski

Majestic Realty

Landlord

$43.2M

vol

4 deals

Landlord
Bill Lovejoy

Bill Lovejoy

Republic Moving & Storage

Tenant

1 deal

Tenant

San Diego Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93