Escondido, CA – April 5, 2023 – Lee & Associates - NSDC, a leading commercial real estate firm in San Diego County, has announced the $3,996,000 sale of a prime industrial property located at 1145 Industrial Ave in Escondido. The 17,760-square-foot concrete block building sits on a 1.16-acre parcel and is a top investment opportunity, consisting of 10 units leased to nine small businesses and tenants.

 

The seller, Larraburu Trust, was represented by Trent France of Lee & Associates - NSDC. The buyer, Eleven45 Industrial LLC, was represented by Inland Pacific.

 

The buyer intends to rehab the units and lease any vacancies at market rent. With Escondido's vacancy rates for small industrial units under 2%, this property presents an excellent opportunity for investors.

 

"We are thrilled to have facilitated the sale of this prime industrial property in Escondido," said Trent France. "The building's location and diverse tenant mix make it a smart investment choice for the buyer. We were proud to represent the Larraburu Trust and help secure a successful transaction for all parties involved."

 

Lee & Associates - NSDC continues to be at the forefront of commercial real estate transactions in San Diego County, and this sale is a testament to their commitment to excellence in the industry.