Hines Acquires Industrial Property In San Diego For $77.3M

7725 Otay Mesa Road & 1965 Continental Street

Industrial

229,680 SF

Sold 1 year ago

Summary

Sale

CALIFORNIA

Industrial

229,680 sqft

The industrial property located at 7725 Otay Mesa Road and 1965 Continental St. in San Diego has been sold for a total price of $77,300,000. The property spans a total of 229,680 square feet and has been acquired by Hines.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $77,300,000
Address: 7725 Otay Mesa Road & 1965 Continental St., San Diego
Market: San Diego
Square Footage: 229,680
Price Per Square Foot: $336

The seller in this deal was Murphy Development Co., represented by Cushman & Wakefield. Hines was the buyer in this transaction.

Details

Deal Summary

SOLD

IMAGE: Jeff Hines & Kaitlin Arduino DATE: 06/10/2022 ADDRESS: 7725 Otay Mesa Road & 1965 Continental St. MARKET: San Diego ASSET TYPE: Industrial BUYER: Hines (@Hines) SELLER: Murphy Development Co. SELLER'S REP: Cushman & Wakefield (@CushWake) SALE PRICE: $77,300,000 SF: 229,680 ~ PPSF: $336

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Address7725 Otay Mesa Road & 1965 Continental Street

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