The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 8, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SAN DIEGO NEWS
Printer-friendly Version   Email an Associate
PGM Investments LLC Buys San Diego Industrial Property for $4 Mil

10/02/23

PGM Investments LLC purchased a 93.2k sf industrial property in San Diego for $4 mil, or about $43/sf. The property is located at 9940 Marconi Dr, just north of the U.S./Mexico border.

The 2.14-acre lot can be subdivided into two lots, each averaging over 46k sf. The graded site features curbs, gutters and sidewalks. The property is zoned for light industrial and office uses and permit-ready for a 45.7k sf warehouse facility. PGM Investments intends to develop a warehouse with an IOS component to expand its Otay Mesa footprint.

Located east of State Route 905 and 125, the property has easy access to both the Otay Mesa Port of Entry and the future secondary Port of Entry in Otay Mesa.

CBRE's Ramin Salehi, Joe Smith and John Smith represented the sellers, Westport Properties, a Southern California-based development company focusing on self-storage and industrial space. Jacob Castro and Chris Nelson of Inland Pacific repped the buyer in the deal.

"The demand for industrial outdoor storage (IOS) is still very active in the Cali Baja region," said Salehi. "With two- to five-acre yards being extremely limited in the Otay Mesa market, we were able to maximize value for the seller and help a growing occupier expand their footprint."





Return to the Archive page
 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media