SOLD
Black Creek Group Acquires Industrial Property In Otay Mesa, San Diego For $109M
2020 Piper Ranch Road
Industrial
601,417 SF
601,417 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Industrial
601,417 sqft
Black Creek Group has acquired an industrial property located at 2020 Piper Ranch Rd. in Otay Mesa, San Diego. The property, spanning 601,417 square feet, was sold by Morgan Stanley Services Group for a total transaction amount of $109,000,000. The purchase price per square foot was $181, reflecting the market value of the asset.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $109,000,000
- Square Footage: 601,417
- Address: 2020 Piper Ranch Rd.
- Market: Otay Mesa, San Diego
The deal was facilitated by brokers Jeff Cole, Jeff Chiate, Bryce Aberg, Ed Hernandez, Mike Adey, and Zach Harman from Cushman & Wakefield. Their expertise and representation proved instrumental in closing the transaction between Black Creek Group and Morgan Stanley Services Group.
Players
All
7
Agents
6
Agencies
1
Details
SOLD
IMAGE: Jeff Cole, Bryce Aberg, Ed Hernandez, Mike Adey & Zach Harman
DATE: 12/07/2020
ADDRESS: 2020 Piper Ranch Rd.
MARKET: Otay Mesa, San Diego
ASSET TYPE: Industrial
BUYER: Black Creek Group
SELLER: Morgan Stanley Services Group
BROKERS: Jeff Cole, Jeff Chiate, Bryce Aberg, Ed Hernandez, Mike Adey & Zach Harman - Cushman & Wakefield
PRICE: $109,000,000
SF: 601,417 ~ PPSF: $181View on map
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Address2020 Piper Ranch Road
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