Fully Improved Truck Parking Facility | 2.0 Acres

Sale Leasback Opportunity

• 2451 Siempre Viva Court San Diego (Otay Mesa), CA 92154

• Fully Improved Truck Parking Facility

• Size: 2.0 net acres (3.60 gross acres)

Price

• $2,750,000

• Year 1 cap rate: 5.2% Leaseback

• Tenant: NG Trucking, Inc.

• Term: 7 years

• Annual Increases: 2.5%

• Rent: $12,000/ Mo NNN ($144,000 annually)

Features

_{• Two Blocks off the 905 Freeway}

_{• Located in 1st class business park (Britannia Industrial Park)}

_{• High concentration of truck parking tenants in Otay Mesa}

_{• Quickly Expanding Market}

_{• Scarcity of fi nished land}

_{• Entitlement barriers for this type of product}

_{• Vacancy rate for truck parking yard virtually zero}

Major Companies in Otay Mesa Include

• Amazon (3,300,000 distribution center under construction – 1,500 new jobs), General Dynamics, Plantronics, Parker, Kraft| Heinz, FedEx, Costco, Panasonic, Bose, Iron Mountain, Sharp, Honeywell, Steel Case