San Diego, CA
CBRE Facilitated $5.84 Million Sale of Industrial Yard in Otay Mesa
AMK Auto Group will utilize the yard for its trucking and auto transport business
July 6, 2023
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CBRE negotiated a 2.9-acre industrial yard sale at 7680 Paseo De La Fuente in San Diego's submarket of Otay Mesa for $5.84 Million.
CBRE’s Ramin Salehi, John Smith and Joe Smith represented the buyer AMK Auto Group, a trucking and auto transport business. On Paseo Fuente 7680 LLC sold the property.
"Otay Mesa still has a high demand for industrial yard space," said Mr. Salehi. "Industrial outdoor storage is limited throughout the region, and Otay Mesa is one of the last remaining areas that allow occupiers to purchase land for their intended use."
AMK Auto Group will use the move-in ready industrial land for its transport business. The property is fully fenced, graded with utilities and has a concrete gated entry.
The property is located east of State Route (SR) 11 and SR 125 and has direct access to the new Otay Mesa II Port of Entry.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.