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    Industrial Warehouse with Heavy Power Title is generated by Realmo AI

    7129 Enrico Fermi Pl, San Diego, CA

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    150,530 SF industrial building with convenient freeway access.

    Type:INDUSTRIAL
    Property size:
    150,530 SF
    Lot size:
    9.63 Acres
    Price / SF:
    $260/SF
    Added:
    Apr 9, 2024
    Days on Market:
    802
    Last Refresh:
    May 19 at 8:49 pm

    Property Features for 7129 Enrico Fermi Pl

    General Information

    Standard status
    Active
    Size
    150,530 SF
    Lot size
    9.63 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Chris Holder, SIOR

    Listing agent Chris Holder, SIOR

    Listing office Colliers | San Diego

    Listing date Apr 9, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers | San Diego

    HighLights

    • Immediate Access to Inbound CHP Inspection Facility
    • Ideal East Otay Location with Quick, Easy Access to I‑905 Freeway
    • Boasting ±150,530 SF Building Total Size
    • Heavy Power 4,000a
    • Benefit from 32’ Clear Height
    • Truck Loading with 22 Dock‑High Doors

    Overview

    This industrial property features a total building size of approximately 150,530 square feet, including around 6,000 square feet of office space. The warehouse area offers a 32-foot clear height and is equipped with ESFR sprinklers and LED lighting. It has heavy power capabilities with a 4,000 amp electrical service. Truck loading is facilitated by 22 dock-high doors and 4 grade-level doors. The column spacing is 52’ x 50’. The property includes 110 parking spaces and 11 trailer parking stalls. The truck court depth measures 130 feet. There is potential for creating a gated, secured facility. The location provides immediate access to an inbound CHP inspection facility and quick, easy access to the I-905 Freeway. The property is situated in East Otay, surrounded by leading corporate neighbors.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $2.71M $18.00
    − Vacancy −$166.4k −$1.11
    EGI $2.54M $16.89
    − OpEx −$381.5k −$2.53
    NOI $2.16M $14.36
    150,530 SF · lease $18.00/SF/yr · vacancy 6.14% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $30.88M
    $27.02M – $36.03M (±1% cap)
    NOI $2,161,698 @ 7.0% cap · market cap 5.52%
    Second Best
    Industrial
    $25.43M
    $22.25M – $29.67M (±1% cap)
    NOI $1,780,222 @ 7.0% cap · market cap 4.55%
    Theoretical Best
    Specialty Retail
    $59.46M
    $52.02M – $69.36M (±1% cap)
    NOI $4,161,853 @ 7.0% cap · market cap 10.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • Artic Containers — 9955 Via de la Amistad, San Diego, CA 92154
    • A & M Warehouse Services — 9835 Marconi Dr # B, San Diego, CA 92154
    • Alza Logistics — 2948 Roll Dr, San Diego, CA 92154
    • MTZ Warehouse — 10030 Marconi Dr suite d, San Diego, CA 92154
    • U-Stor-It Self Storage - Otay — 2255 Niels Bohr Ct, San Diego, CA 92154

    Map

    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.165
    Latitude
    32.727

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    FAQs

    What type of property is this?
    Warehouse - 150,530 SF industrial building with convenient freeway access.
    Where is this warehouse located?
    The property is located at 7129 Enrico Fermi Pl San Diego, CA.
    What is the asking price?
    The asking price for this property is $39,137,800.
    What are key features of this property?
    This property features: Immediate Access to Inbound CHP Inspection Facility; Ideal East Otay Location with Quick, Easy Access to I‑905 Freeway; Boasting ±150,530 SF Building Total Size
    (619) 871-9028 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Holder, SIOR
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