Kearny Real Estate, the developer of the 311-acre Otay Crossings Commerce Park in the Otay Mesa submarket of San Diego, has begun construction on the 26-acre final phase of the project. Located adjacent to the future U.S.-Mexico Point of Entry, the development will consist of four buildings ranging in size from 45,000 to 205,500 sq. ft.
“The Otay Mesa industrial market has experienced tremendous growth over recent years,” said Kearny’s Jeff Givens. “Market vacancies have hovered around 3 per cent and a growing diversified base of users have migrated to the Otay market as the need for Class A industrial facilities has increased across San Diego County.”
Crews are currently grading the construction site where four buildings will be built – ranging in size from 45,000 square feet to 205,500 square feet. The first is expected to be completed in the fourth quarter of 2023 and the remaining three by the end of 2024 at a total cost of the final phase will be $90 million.
Buildings in the final phase are designed with dock-high and grade level doors, 32- to 36-foot minimum clear heights and truck courts with depths of up to 180 feet. The property will also include a 3.6-acre trailer lot with 47 stalls, an amenity feature that will allow for storage of materials and trailers.
Located at the southernmost point of the industrial park, the new phase will be adjacent to the new border crossing with direct access to California State Route 11, currently under construction. SR-11 will connect to California SR-905 and SR-125, as well as to other major truck routes.