Industrial Space Overview
This multi-tenant industrial property boasts a high occupancy rate of 97% with long-term tenants. The below-market rents offer upside potential through future tenant renewals. The property comprises six units with flexible configurations ranging from 1,800 to 13,444 square feet, providing optimal fit for various industrial users. It features 21 grade-level doors, secure storage areas, and varying clear heights up to 20 feet. Strategically located near Highway 78, the property benefits from easy access to North County San Diego and the I-5.
The thriving industrial market in North County San Diego boasts a low vacancy rate of 2.2%, particularly in the "light industrial" sector, where the vacancy rate is a mere 1.1%. Industrial development is concentrated in South County near the Otay Mesa Submarket, with limited land available for construction in North County San Diego. This supply-demand imbalance supports the property's rental growth potential.
The thriving industrial market in North County San Diego boasts a low vacancy rate of 2.2%, particularly in the "light industrial" sector, where the vacancy rate is a mere 1.1%. Industrial development is concentrated in South County near the Otay Mesa Submarket, with limited land available for construction in North County San Diego. This supply-demand imbalance supports the property's rental growth potential.
