PGM Investments LLC Acquires 2.14-Acre Industrial Property In Otay Mesa For $4M

A 93,218-square-foot industrial property located at 9940 Marconi Drive in Otay Mesa has been sold for $4 million. The property is situated on a 2.14-acre lot in the Cali Baja region, offering potential for expansion. The buyer, PGM Investments LLC represented by David Hunt, plans to develop a warehouse with outdoor storage on the site.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,000,000
• Address: 9940 Marconi Drive
• Market: Otay Mesa
• Acres: 2.14

The buyer's representative for the transaction is Jacob Castro and Chris Nelson from Inland Pacific, while the seller, Westport Properties, is represented by Ramin Salehi, Joe Smith, and John Smith from CBRE.