1320 Air Wing Rd

1320 Air Wing Rd Otay mesa lease sale
  • 1320 Air Wing Rd
  • 55,000 sq. ft.
  • Industrial
  • San Diego
Services Provided
  • Transaction Management
Cresa Team
  • Justin Walseth

Client Objectives

Continuity of Manufacturing Operation and Energy Savings during property sale


Cresa was formally engaged in the renewal process 12 months prior to lease expiration. With a tight market and a potential lengthy phased relocation process, Cresa helped the client build a relocation proforma. Though capital markets relationships, Cresa was able to learn an eminent building sale was to occur.


Under the circumstance, Cresa advised the client a quick deal could accomplish significantly lower than market economics and incentives. Cresa executed the strategy by securing 6 months of free rent, and an offset to a planned solar array project. Cresa led the RFP process to procure a solar provider, secured a 10-yr PPA, which investment yielded a payback period of less than 2 years.

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