Property profile

8709 Kerns St San Diego, CA 92154

FOR LEASE
Warehouses
Property ID
US09-7174512
59,760 SF 4.54 ac lot Built 2003
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 59,760-square-foot Class A industrial warehouse, situated on a secure 1.11-acre lot in San Diego County's Otay Mesa, presents a remarkable opportunity. Built in 2002, this single-tenant building boasts a 28-foot clear ceiling height, providing ample vertical space for efficient storage and operations. The property features 16 dock-high loading positions and 2 drive-in doors, ensuring seamless loading and unloading processes. With 1.4 parking spaces per 1,000 square feet, ample parking is available for employees and visitors. The building's robust power supply includes 1,200 amps of 3-phase 277/480-volt 4-wire power, accommodating a wide range of industrial needs. The expansive, all-concrete truck court and secured yard enhance operational efficiency and security. Benefit from the strategic location, offering immediate access to the Otay Mesa Border Crossing, facilitating streamlined cross-border logistics. This free-standing building represents a rare opportunity to acquire a high-quality, well-located industrial property in a thriving market. The property is currently vacant, providing immediate occupancy for a new tenant. The building's single-tenant configuration offers simplicity and control, making it an ideal investment for owner-occupiers or investors seeking a stable, long-term asset.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2003
Total area 59,760 SF
Lot 4.54 ac (197,762 SF)
Zoning code INDUSTRIAL (M ZONE)
APN 667-071-26-00
UPID US09-7174512

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Moving Company

Location

8709 Kerns St San Diego, CA 92154
San Diego metro Census 10015 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.51M

Owner & transaction history

since 2019
7 recorded transactions
2019
$8.5M
2019
Price N/A
2018
Price N/A
2013
$4.0M
2012
$24.7M
2006
Price N/A
2006
$75.1M

Zoning & alternative use

INDUSTRIAL (M ZONE) · San Diego, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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