Otay Mesa, CA – August 21st, 2024 – Rusty Williams, SIOR, Chris Roth, SIOR, Jake Rubendall, SIOR and Andrew Kenny of Lee & Associates – NSDC as well as Eugene Kim of Lee & Associates LA North/Ventura have just sold 5761 Airway Rd in Otay Mesa, San Diego for $58,000,000 in an off-market transaction, which is the largest land transaction to take place in San Diego in the last 2 years.

 

Totaling approximately 37.9 acres of industrial land, this site will support Hyundai Translead’s operations in San Diego which will allow them to continue to utilize the strategic location of Otay Mesa as a thoroughfare to their cross-border operations.

 

“Otay Mesa continues to be a hotspot for logistics and manufacturing companies in San Diego due to the proximity to the border” says Rusty Williams, Principal at Lee & Associates North San Diego County, “With limited land availability in Otay Mesa, our team was able to navigate a very tight and competitive market to ultimately source an opportunity that met our client needs. This is a very strong deal for Otay Mesa and goes to show that the demand for industrial land is still strong.”

 

The Williams Roth Group of Lee & Associates North San Diego County and Eugene Kim of Lee & Associates LA North/Ventura represented the Buyer, Hyundai Translead, in this transaction.