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Otay Mesa is quickly becoming one of the top industrial development submarkets in San Diego. The market has developable land—a rarity in the land-tight market. Dallas-based vehicle auction company Copart has acquired 51 flat acres in Otay Mesa. The entitled land site is a rare find in the market, which currently has several class-A projects under construction.

“In Otay Mesa, it is not easy to find a piece of land that is fully entitled, doesn’t have to go through biological mitigation and is flat,” Rob Hixson, SVP at CBRE, tells GlobeSt.com. “This worked out nicely for the use of the buyer—it was a flat piece of land; it had six inches of crushed concrete and sewer water. Plus, they don’t have to do an biological mitigation, which is the real challenge in Otay Mesa.” Hixson brokered the deal on behalf of the seller.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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