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6/05/25
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Bendetti has acquired a 72.2k sf, industrial distribution building on just under four acres in San Diego’s Otay Mesa submarket. The price was not disclosed.
Located at 9605 Airway Rd, just north of the U.S./Mexico border, the freestanding multi-tenant building was built in 2000 but recently completed several renovations and improvements. The building is 50% leased to a diversified tenant mix.
The property’s exterior renovation included new paint and landscaping and features functional divisibility with multiple bay sizes, new interior office improvements, ±24-26’ clear height, ample grade and dock-high loading, and concrete truck courts. The property sits within minutes of SR-905, SR-11, SR-125 and Otay Mesa I Port of Entry and Otay Mesa II Port of Entry (scheduled).
Based in Irvine, Bendetti is an institutional owner that has been involved in the development, acquisition, and management of commercial real estate for over fifty years. Bendetti’s current focus is on the acquisition of industrial real estate throughout the U.S.
Cushman & Wakefield’s Bryce Aberg, Louay Alsadek, Maddie Mawby, Charlie Jacobs, and Ryan Demarest represented the seller in the transaction. Regan Tully, Erik Parker, Brant Aberg, SIOR, and Trent Smith of Cushman & Wakefield provided local market advisory.
“9605 Airway Road is among the limited options in the Otay Mesa submarket set up for flexibility and growth for mid-sized industrial tenants, with suite sizes ranging from 16k sf up to 72.2k sf,” noted Aberg. “Currently about 50% leased, the asset provides good stable cash flow together with a great value-add, mark to market opportunity.”
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