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ATI Acquires Industrial Warehouse In San Diego's Otay Mesa For $9.4M

Property Image
SOLD
$9,400,000
John Smith
Michael Giuliano
+ 2

California

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Industrial36,475 SF
Sold 06/21/2023
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Property Image
SOLD

ATI Acquires Industrial Warehouse In San Diego's Otay Mesa For $9.4M

1207 Air Wing Rd San Diego, CA 92154, USA

See Similar Deals
Industrial36,475 SF
Sold 06/21/2023
John Smith
Michael Giuliano
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$257
Total Square Footage:36,475 SF
Transaction Type:Sale

Cross-border logistics company ATI has purchased a 36,475-square-foot warehouse in Otay Mesa, San Diego for $9.4 million, representing the largest owner-occupier transaction in the area this year. The acquisition provides ATI with a strategic location for transporting goods in the Cali Baja Region.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,400,000
  • Square Footage: 36,475
  • Price Per Square Foot: $258
  • Address: 1207 Air Wing Road, San Diego
  • Market: San Diego

The buyer, ATI, represented by Ramin Salehi, John Smith, and Joe Smith from CBRE, completed the transaction with seller RJC Properties. Linda Greenberg and Michael Giuliano from Lee & Associates acted as the seller's representatives in the deal.

Players

Ramin Salehi
7 deals$39.2M volume(858) 546-2672
BROKER

John Smith
CBRE
4 deals$21M volume(619) 696-8360
BROKER

Michael Giuliano
Lee & Associates
2 deals$9.4M volume(909) 373-2918
BROKER

Joseph (Joe) Smith
CBRE
11 deals$30.9M volume(619) 696-8325
BROKER

Linda Greenberg
Lee & Associates
1 deal$9.4M volume(858) 713-9321
BROKER

Details

SOLD
IMAGE: Ramin Salehi, Michael Giuliano, John Smith, Joe Smith & Linda Greenberg DATE: 06/21/2023 ADDRESS: 1207 Air Wing Road MARKET: San Diego ASSET TYPE: Industrial BUYER: ATI SELLER: RJC Properties (@RJCProperties) BUYER'S REP: Ramin Salehi, John Smith & Joe Smith - CBRE (@CBRE) SELLER'S REP: Linda Greenberg & Michael Giuliano - Lee & Associates (@LeeAssociatesre) SALE PRICE: $9,400,000 SF: 36,475 ~ PPSF: $258 NOTE: Cross-border logistics company ATI has purchased a 36,475-square-foot warehouse in Otay Mesa for $9.4 million, representing the largest owner-occupier transaction in the area this year. The acquisition provides ATI with a strategic location for transporting goods in the Cali Baja Region.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash-on-Cash Return-1.27%
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