T&S Properties Acquires San Diego's Empire Center Industrial Property For $34.58M

T&S Properties has purchased San Diego's Empire Center, a 132,667-square-foot industrial property, for $34.58 million from TA Realty. The property, located at 7880 Airway Road & 7920 Airway Road in San Diego, offers 24-foot clear heights and is nearly fully occupied by 16 tenants. Built in 1999, this industrial asset provides a prime investment opportunity in the San Diego market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $34,580,000
• Square Footage: 132,667
• Price per Square Foot: $261
• Address: 7880 Airway Road & 7920 Airway Road, San Diego
• Market: San Diego
• Buyer: T&S Properties
• Seller: TA Realty - James O. Buckingham
• Broker: Kidder Mathews

T&S Properties, represented by their broker Kidder Mathews, sourced this investment opportunity through their purchase from TA Realty. The industrial property's near-full occupancy by 16 tenants signifies its desirability and potential for a steady income stream. With 24-foot clear heights, this property caters to the needs of various industrial businesses in the San Diego area, further contributing to its investment value.