X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

OTAY MESA, CA-Activity remains brisk at Opus Crossing, an eight-building industrial park. In the latest deal, Newport Beach-based Master Development Corp. paid $15 million for two buildings. The properties sold for approximately $100 per sf. MDC acquired the buildings from Opus West Corp, the park’s developer.Located on 8.5 acres, the multi-tenant buildings total 151,172 sf. They are built to accommodate multiple users and are already divided into eight suites each, for a total of 16 suites. Two of the suites count 15,482 sf; two count 12,104 sf; and the remaining 12 suites are built out to 8,000 sf.This sale to MDC closes out Opus Crossing as the other six buildings in the industrial park have been sold to owner/users. For the MDC deal, Louay Alsadek, Darren Mullins and Erik Parker of Grubb & Ellis

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.