Price Real Estate Investments Represents Buyer In $8.824M Sale Of Industrial Property In San Diego

The property asset involved in this transaction is a 31,488-square-foot industrial property located at 7577 Airway Road in San Diego, CA. The sale price of the property was $8,824,000, reflecting a price per square foot of $280. The asset encompasses 4.27 acres and is situated 2.5 miles from the U.S.-Mexico border within the Otay Mesa submarket, indicating its strategic location for cross-border trade and distribution.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $8,824,000
• Asset Size: 31,488 SF
• Price Per Square Foot: $280
• Address: 7577 Airway Road
• Market: San Diego, CA
• Acres: 4.27
• Buyer's Representative: Price Real Estate Investments
• Seller's Representatives: Tanner Johnson & Jamie Endres-Keller - Avison Young; Barry Katz & Blake Katz - WGS Realty

The transaction showcases the roles of the various representatives involved; Tanner Johnson and Jamie Endres-Keller represented the seller through Avison Young, while Barry Katz and Blake Katz represented the seller through WGS Realty. The deal involved a private investor based in Miami, who sold the asset to an undisclosed buyer, reflecting ongoing activity in the industrial real estate market.