Bendetti, an institutional owner that has been involved in the development, acquisition and management of commercial real estate for more than 50 years, has acquired a 72,158-square-foot industrial distribution building on 3.9 acres in San Diego’s Otay Mesa submarket. Located at 9605 Airway Rd., the freestanding multitenant building was built in 2000 but recently completed several renovations and improvements. The building is 50 percent leased to a diversified tenant mix.
Cushman & Wakefield represented the seller in the transaction and also provided local market advisory.
The property recently underwent an exterior renovation with new paint and landscaping and features functional divisibility with multiple bay sizes, new interior office improvements, 24- to 26-foot clear height, ample grade, and dock-high loading and concrete truck courts. The property sits within minutes of State Route 905, SR-11, SR-125 and Otay Mesa I Port of Entry and Otay Mesa II Port of En
