News Summary
Bendetti Co., a commercial real estate firm, has acquired a 72,158-square-foot industrial building in San Diego for $16.2 million. This marks the company’s first venture into the San Diego market. The property is strategically located in the Otay Mesa area and features multiple light industrial units that are already occupied by logistics firms. The acquisition underscores Bendetti’s commitment to expanding its presence in key U.S. markets aligned with industrial growth trends.
San Diego — The Bendetti Co., a commercial real estate firm headquartered in Irvine, has expanded its footprint into San Diego by acquiring a 72,158-square-foot industrial building for $16.2 million. This marks the company’s first acquisition in the San Diego market.
The property is situated at 9605 Airway Road in the Otay Mesa area of San Diego and was previously owned by TA Realty of Newport Beach. TA Realty purchased the facility from Lainer Development Co. for $14.3 million in 2021, indicating a substantial appreciation in value since its last sale.
Jon Moyer, designated as Bendetti’s Director of Acquisitions, highlighted San Diego’s strong economic fundamentals and growth potential specifically for multi-tenant industrial properties. The newly acquired property spans over 3.9 acres and includes four light industrial units, which range in size from 16,023 to 20,056 square feet. Currently, at least two of the units are occupied by logistics companies, including Baja USA Logistics Group and C&J Brokers, which underscores the demand for industrial space in the region.
The facility is equipped with 14 dock-high doors and four drive-in doors, making it attractive for businesses needing efficient transportation logistics. Recent exterior renovations have been made to enhance the property, featuring fresh paint and improved landscaping.
Bendetti Co. engaged a team led by Bryce Aberg, vice chair at Cushman & Wakefield, to represent them in this transaction. This acquisition is part of Bendetti’s broader strategy to establish a significant presence in markets across the United States. Founded in 1964, Bendetti has managed an extensive portfolio, boasting around 4 million square feet of properties across California, Colorado, Nevada, Texas, and Utah.
The strategic location of the building is particularly beneficial, as it aligns with current market demands from industrial users in San Diego. The Otay Mesa area is known for its logistical advantages and is rapidly developing as a hub for transport and distribution businesses.
As industrial real estate continues to see strong demand, especially in regions poised for growth like San Diego, Bendetti Co. appears well-positioned to capitalize on these trends with its latest acquisition. The company’s commitment to expanding its industrial space portfolio reflects its confidence in the region’s economic trajectory and the increasing need for versatile and well-located industrial properties.
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Additional Resources
- Orange County Business Journal
- Wikipedia: San Diego
- REBusiness Online
- Encyclopedia Britannica: San Diego
- San Diego Business Journal
- Google Search: industrial real estate San Diego
- CBRE Press Release
- Google News: San Diego real estate
Author: STAFF HERE COSTA MESA
The Costa Mesa Staff Writer represents the experienced team at HERECostaMesa.com, your go-to source for actionable local news and information in Costa Mesa, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the OC Fair, performances at the Pacific Amphitheatre, and community gatherings at The LAB Anti-Mall. Our coverage extends to key organizations like the Costa Mesa Chamber of Commerce and Visit Costa Mesa, plus leading businesses in retail, entertainment, and innovation that shape the local economy. As part of the broader HERE network, including HEREAnaheim.com, HERESantaAna.com, HEREHuntingtonBeach.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
