• News
  • SAN DIEGO
  • Real Estate

Building on Kerns in Otay Mesa sold

The approximately 59,760-square-foot flex industrial/warehouse building in Otay Mesa at 8709 Kerns St., San Diego 92154, has been sold for $4,004,000.

The buyer was Johnson Warehouse-Otay LLC c/o Johnson Properties, 7009 S. Jordan Road, Centennial, CO 80112. The managing members of Johnson Warehouse-Otay are Mark K. Johnson and Johnson Storage & Moving Co. Holdings L.L.C.

Mark Johnson is managing member of Johnson Storage & Moving. The acquisition was financed with loans of $2 million and $1.6 million from Plaza Bank.

The property is under leasehold to Denver Moving & Storage L.L.C. The manager of Denver is Johnson Properties GP L.L.C., with and Johnson Storage & Moving as a member. Mark Johnson and James R. Johnson are managing members of Johnson Properties GP. The seller of the property (assessor's parcel 667-071-26) is BIT Holdings Seventy Inc., with David L. Schenning as vice president.

Greg Kelly and Bob Mooney, of Cassidy Turley San Diego, represented the buyer. Shane Harmon, of Colliers International, represented the seller. Gary Goss, also with Cassidy Turley, arranged the loans. The building was constructed in 2003 on 4.54 acres.

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.