Robert D. Bendetti Of The Bendetti Company Acquires Industrial Property From James O. Buckingham For $16.2M

A 72,158 square foot industrial property located at 9605 Airway Road in San Diego was sold for $16,200,000. The asset spans across 3.9 acres and is situated in the Otay Mesa area. At the time of sale, it was 50% leased.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $16,200,000
• Address: 9605 Airway Road
• Market: San Diego
• Acres: 3.9
• Square Footage: 72,158
• Price Per Square Foot: $225
• Buyer: Robert D. Bendetti - The Bendetti Company
• Seller: James O. Buckingham - TA Realty

This transaction signifies a strategic move by Robert D. Bendetti to enter the San Diego market. The acquisition underscores a focus on expanding operations amid current market conditions characterized by increasing vacancies and decreasing rents.