JLL represented the buyer in the $4.38 million transaction
News release
25 July 2023
Owner-user acquires industrial building in Escondido
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SAN DIEGO, CALIF., July 26, 2023 – JLL announced today that Express Dry under the entity Expressunits1449 LLC has acquired a 14,000-square-foot freestanding industrial building located at 1449 Simpson Way in Escondido, California for $4.38 million. The new building will be used for the company’s expansion in Escondido.
JLL’s Chris Baumgart represented the buyer. The seller, Marky Sparky Toys, was represented by San Diego Commercial.
"The Escondido submarket of North San Diego County continues to be highly desirable for industrial users with current vacancy around 2.5 percent,” said Chris Baumgart, JLL Executive Vice President. “1449 Simpson Way provides the buyer with good warehouse functionality and outside storage to secure equipment and vehicles.
1449 Simpson Way is ideally located in the heart of North San Diego County and just minutes from Interstate 15 and California 78 freeways, providing convenient access to neighboring communities. The building offers a fenced yard for secure parking and storage, heavy power, 17-foot clear height and two dock doors.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.