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
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