±66,243 SF Distribution Facility – Cold Storage |… — Lease in San Diego, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: San Diego, CA 92154

Description

Industrial | For Lease: 66,243 SF 2655 Melksee Street is a distribution facility in Otay Mesa offering unparalleled access to the US-Mexico border. Located in Otay Mesa’s booming industrial hub, it connects easily to freeways, p Key Facts Cooler Consideration: Vacating Tenant Will Negotiate Sale Electric: 3,000 Amps 480v-277 Solar Lease Rate: $1.30 SF NNN (NNNs = $0.48/SF Per Month) Mark Lewkowitz Executive Vice President San Diego - La Jolla License #: 01785338 +1 858 677 5361 Call Now +1 858 677 5361 +1 858 922 8988 Call Mobile +1 858 922 8988 License #: 01785338

Market Context

This industrial in San Diego, CA is listed for lease. It has been on the market for 175 days. Compare it against other industrial listings for lease in San Diego, CA — view the full market.

As of Q1 2026, the San Diego industrial market showed a 6.6% vacancy rate, average asking rents near $16.92/SF/yr, rents up 7.5% year over year, and cap rates around 5.2%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

What is the typical cap rate for industrial in San Diego?
About 5.2% as of Q1 2026, per multiple brokerage reports.
Is the San Diego industrial market tightening or softening?
Vacancy is around 6.6%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$1.20/SF/mo – $1.62/SF/mo

Mid: $1.41/SF/mo

Rate estimator only; cost-of-business estimate unavailable.

Contact

Explore this market

Similar Industrial Property for Lease in San Diego, CA