Grubb & Ellis/BRE Commercial represented Master Development Corp. in the purchase of buildings 4 and 8 at Opus Crossing, an eight-building industrial park in Otay Mesa, Calif.

The purchase price was $15 million, or approximately $100 per square foot for the two buildings. 

Situated on 8.5 acres, buildings 4 and 8, located at the intersection of Airway Road and Britannia Boulevard, are both multitenant CTU buildings totaling 151,172 square feet. They provide a 1.77/1,000-square-foot parking ratio. The buildings are each divided into eight suites: two are 15,482 square feet; two are 12,104 square feet; and 12 are 8,000 square feet. The remaining six buildings in the Opus Crossing Industrial Park have been sold to owner/users.

The buyer, Master Development Corp., is a developer and contactor of industrial parks based in Newport Beach. The seller was Southern California-based Opus West Corp., a full-service real estate company.

Otay Mesa is one of the fastest-growing industrial markets in San Diego County, according to a press statement, and the total industrial base in the city has almost doubled to more than 11 million square feet in the past five years. At year-end 2005, the occupancy rate, excluding functionally obsolete buildings, was 90 percent with positive net absorption of 720,637 across the entire market.

San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage firm operating in San Diego and Riverside counties.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Don’t miss out! Inman Connect Las Vegas is this week and you can catch all the excitement with a virtual ticket.Register Now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription