Murphy Development Co. Secures $35.4M Construction Loan For Industrial Property In San Diego

The industrial property located at 7255 Otay Mesa Rd in San Diego has been involved in a recent closed transaction. This property spans 203,244 square feet and covers an area of 13.8 acres. The transaction took place on 09/01/2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $35,400,000
• Address: 7255 Otay Mesa Rd
• Market: San Diego
• Size: 203,244 square feet
• Acreage: 13.8 acres

The landlord of the property is Murphy Development Co. The deal was facilitated by Aldon Cole, Bryan Clark, and Bradley Vansant from JLL Capital Markets. These brokers represented the parties involved in the transaction.

The transaction involved a construction loan of $35,400,000. The loan terms are non-recourse, providing financial support for the development of the industrial property.