Industrial Warehouse Complex


Original Assessed Value $104,983,669
Final Assessed Value $58,190,000
Tax Savings $563,699


Located near the Otay Mesa Border Crossing, which is the second busiest border crossing between the U.S. and Mexico, these ten warehouses were constructed between 2006-2009 and were in average condition with 100 percent occupancy. The assessment reduction reflects a one year, temporary Prop 8 reduction to recognize the lower market value of the subject versus the base year trended value for the lien date.