Dalfen Industrial has continued its California expansion with the purchase of Otay West Logistics center at 6800 Gateway Park in Otay Mesa, a suburb of San Diego, and Stockton Supply Chain Center III at 2230-2248 Stagecoach Rd. in Stockton, California.
Built in 2005, Otay West Logistics Center is a 62,875-square-foot industrial property with 24-foot clear heights, a 170-foot truck court, 15 dock-high doors, four drive-in doors and ample parking. The property was acquired through a relationship with a local broker (Rob Hixson of CBRE) and is 100% leased to DHL.
Stockton Supply Chain Center III is Dalfen’s fifth acquisition in East Bay over the last year. The two-building, 121,280-square-foot property is 100% occupied with the largest tenant, Fairview Distribution, entering a short-term sale-leaseback. This opportunity was sourced off-market through a relationship with Mike Goldstein, Ryan McShane and Alex Hoeck of Colliers International.
“Adding Stockton Supply Chain Center III and Otay West Logistics Center to our California portfolio provides Dalfen with a two more major last-mile locations in key west coast markets,” said Rich Weiss, market officer at Dalfen Industrial. “Both markets possess unique supply-demand dynamics and are favorably positioned to service the local economy as well as act as major west coast distribution hubs with same-day delivery capabilities to [approximately] 46 million.”
