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

Property Image
SOLD
$4,000,000
Ramin Salehi
Christian "Chris" Nelson
John Smith
+ 2

California

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Industrial93,218 SF
Sold
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SOLD

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

9940 Marconi Drive

See Similar Deals
Industrial93,218 SF
Sold
Ramin Salehi
Christian "Chris" Nelson
John Smith
+ 2
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$42
Total Square Footage:93218 SF
Transaction Type:Sale

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.

Players

Christian "Chris" Nelson
Matthews
Christian Nelson
7 deals$47.1M volume
BROKER
Ramin Salehi
CBRE
Ramin Salehi
7 deals$39.2M volume(858) 546-2672
BROKER
John Smith
CBRE
John Smith
4 deals$21M volume(619) 696-8360
BROKER
Joseph (Joe) Smith
CBRE
Joseph Smith
11 deals$30.9M volume(619) 696-8325
BROKER
Jacob Castro
Inland Pacific
Jacob Castro
2 deals$11.4M volume(858) 257-4806
BROKER
WP
Westport Properties
SELLER

Details

SOLD
IMAGE: Ramin Salehi, David Hunt, John Smith, Joe Smith, Charles Byerly, Chris Nelson & Jacob Castro DATE: 09/29/2023 ADDRESS: 9940 Marconi Drive MARKET: Otay Mesa ASSET TYPE: Industrial ~ ACRES: 2.14 BUYER: PGM Investments LLC - David Hunt SELLER: Westport Properties - Charles Byerly BUYER'S REP: Jacob Castro & Chris Nelson - Inland Pacific SELLER'S REP: Ramin Salehi, Joe Smith & John Smith - CBRE (@CBRE) SALE PRICE: $4,000,000 SF: 93,218 ~ PPSF: $43 NOTE: A 93,218-square-foot industrial property at 9940 Marconi Drive in Otay Mesa was sold for $4 million. CBRE represented the seller, Westport Properties, and Inland Pacific represented the buyer, PGM Investments LLC. The property offers expansion potential in the Cali Baja region, with the buyer planning to develop a warehouse with outdoor storage on the 2.14-acre lot.

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