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Executive Summary

New five year triple net lease with no Landlord responsibilities
- 101 year tenant operating history in the submarket
- 3.5% annual rent escalations
- Extremely supply and land constrained market with 3.8% vacancy (3% in this size range)
- Rare, heavy M2 zoning
- Strategic industrial submarket in San Diego County
- Strategic asset for the company with critical cooled distribution space
- Dock high and grade level loading
- Heavy 277/480v power

Attachments

578 Enterprise

Property Facts

Price $7,500,000
Price Per SF $252.70
Sale Type Investment NNN
Cap Rate 5.50%
Sale Conditions
1031 Exchange
  • Sale Leaseback
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 1.40 AC
Rentable Building Area 29,680 SF
No. Stories 1
Year Built 1970
Tenancy Single
Parking Ratio 3/1,000 SF
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2
Zoning M-2 - Heavy M2 Zone

Amenities

  • Fenced Lot
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
228-410-50
Land Assessment
$861,994
Improvements Assessment
$322,281
Total Assessment
$1,184,275
  • Listing ID: 40580897

  • Date on Market: 5/19/2026

  • Last Updated:

  • Address: 578 Enterprise St, Escondido, CA 92029

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