Port of San Diego Complex

National City (San Diego), CA
Date Acquired: December, 2011
SF: 147,000

Port of San Diego Complex is a two-building industrial park located in San Diego’s South Bay submarket. This submarket historically has high occupancy and benefits from its location near San Diego’s port and Navy bases. Presidio Property acquired this property through a 721 exchange structure, which allowed Presidio Property to minimize its cash investment in the property. The property was 50% leased at the time of acquisition, and Presidio Property subsequently raised the occupancy to 100%.