Manufacturing Facility With Bridge
For Sale
Contact for pricing
8753 Kerns Street, San Diego, CA 92154
Manufacturing facility with heavy power, bridge cranes, and access to major regional and border routes.
Property Size59,505 SF
Price / SF$225
Days on Market12
Property Features for 8753 Kerns Street
General Information
Standard status
Active
Size
59,505 SF
Total Parking Spaces
78
Property subtype
Industrial
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
35 ft
Power
3,000 amps
Heavy Power
Yes
Building Details
Buildings
1
Listing Agency:
CBRE - San Diego
(858) 546-4622
Listed By:
Matt Pourcho · License #CA 01705763
Source:
Crexi
Added: Aug 10
Changed: Aug 18
Last Checked: Aug 20 at 9:54AM
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 CBRE - San Diego
Investment Insights
Based on property information with market context.
This manufacturing property includes 3,000-amp electrical service, 35-foot clear height, and in-place bridge cranes. Excess acreage provides room for potential dock or yard expansion, subject to applicable approvals and site conditions.
The property is located at 8753 Kerns Street in San Diego, with direct access to SR-905 and connectivity to I-5 and I-805. These routes serve the Otay Mesa-Mesa de Otay International Crossing and the San Ysidro Port of Entry, supporting regional and cross-border movement between Southern California and Mexico.
The property is located at 8753 Kerns Street in San Diego, with direct access to SR-905 and connectivity to I-5 and I-805. These routes serve the Otay Mesa-Mesa de Otay International Crossing and the San Ysidro Port of Entry, supporting regional and cross-border movement between Southern California and Mexico.
Key Highlights
- 3,000‑amp power service
- 35‑foot clear height
- In‑place bridge cranes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$826,667
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,533,340
$16.5M
Cap Rate 7%
$11,809,529
$11.8M
Cap Rate 9%
$9,185,189
$9.2M
Market Conditions
NOI Build-Up for 59,505 SF
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.
Gross rent
$1.07M $18.00/SF
− Vacancy
−$98.5K −$1.66/SF
EGI
$972.5K $16.34/SF
− OpEx
−$145.9K −$2.45/SF
NOI
$826.7K $13.89/SF
Area
ZIP 92154
Vacancy
9.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,533,340
Cap Rate 7%
$11,809,529
Cap Rate 9%
$9,185,189
Alternative Uses
Best Use
Warehouse
$11.81M
$10.33M – $13.78M
NOI $826,667 @ 7.0% cap · market cap 6.17%
Second Best
Industrial
$9.73M
$8.51M – $11.35M
NOI $680,785 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$21.30M
$18.64M – $24.85M
NOI $1,490,957 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
35 ft
Clear height
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 92154, CA
84,027
Population
23,832
Households
3.5
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
51.3 sq mi
ZIP Area
1,638
Density / Sq Mi
$90,035
Median Household Income
$42,333
Median Earnings
$2,143
Median Rent
$606,400
Median Home Value
Market
Vacancy Rate% for Industrial in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility with heavy power, bridge cranes, and access to major regional and border routes.
Where is this manufacturing property located?
The property is located at 8753 Kerns Street San Diego, CA.
What is the asking price?
The asking price for this property is $13,388,625.
What are key features of this property?
This property features: 3,000‑amp power service; 35‑foot clear height; In‑place bridge cranes
