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July 18, 2019
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KKR Spends $24.8 Mil on San Diego-Area Biz Park


KKR has acquired Haffley Industrial Park, a fully leased, two-building industrial park totaling 146.7k sf in the San Diego-area community of National City. The asset was sold by Presidio Property Trust for $24.8 mil ($169/sf).

Situated on two separate parcels totaling 6.1 acres, Haffley Industrial Park is located at 2011, 2013 and 2010 Haffley Ave and 940 West 19th St in National City, an infill, coastal area less than seven miles south of downtown San Diego. The property, which is near the Naval Base San Diego, is in a last-mile location approximately half a mile from the Unified Port of San Diego and eight miles from the San Diego International Airport.

Additionally, the park has immediate access to Interstate 5 and is less than 12 miles from the U.S. border with Mexico. Haffley Industrial Park features clear heights ranging from 18 to 24 feet, wide truck courts, a total of seven dock-high doors, 11 grade-level doors and a low office finish. Originally constructed in 1971, the buildings were recently renovated.

Nick Psyllos, Nick Frasco and Kara Mathis with HFF repped the seller in the deal.

“KKR recognized that the Haffley Industrial Park was a rare opportunity to acquire functional industrial real estate in a highly sought-after infill location very close to both Naval Base San Diego and downtown,” Psyllos said. “There are excellent demand drivers in place with numerous defense contractors who find this location to be ideal to service Navy vessels. Haffley Industrial Park is located just west of Interstate 5 via Bay Marina Drive in National City.”

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