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955 S Andreasen Dr 18,900 SF Industrial Building Escondido, CA 92029 $4,995,000 ($264.29/SF)
INVESTMENT HIGHLIGHTS
- HIGH-IMAGE INDUSTRIAL OWNER-USER OPPORTUNITY
- AMENITY-RICH LOCATION IN NORTH SAN DIEGO
- EXTREMELY STRONG MARKET FUNDAMENTALS SUPPORTING UPSIDE / NOI INCREASE
EXECUTIVE SUMMARY
HIGH-IMAGE INDUSTRIAL OWNER-USER OPPORTUNITY
* 18,900-SF industrial warehouse with “turnkey” interiors, including 20-foot clear warehouse area, plentiful offices, and rooftop solar.
* This is an ideal corporate headquarters investment that provides an attractive lease-savings tradeoff. As opposed to leasing space, purchasing this property can provide
protection against future rental market uncertainty and interest rate hikes, offering occupancy control, tax benefits, and after-tax equity accumulation.
* BONUS DEPRECIATION ADVANTAGE: Given the new tax legislation passed July 2025, a buyer would not have any occupancy cost in the first year given the estimated depreciation benefits providing an approximate $20,981 monthly tax savings or loss carry forward (See Lease vs. Own Analysis on page 33 of OM).
EXTREMELY STRONG MARKET FUNDAMENTALS SUPPORTING UPSIDE / NOI INCREASE
* The greater Escondido industrial market has one of the lowest vacancy rates in all Southern California currently sitting at only 1.0%. This submarket has the lowest vacancy within all North County San Diego comprising of over 51M SF of industrial product.
* Within the greater Escondido market, “Low Finish Industrial” within Escondido also has a vacancy rate of 1.0%.
AMENITY-RICH LOCATION IN NORTH SAN DIEGO
* Escondido is strategically located at the intersection of the SR-78 and I-15 and provides convenient access to both North County San Diego and Central San Diego along the I-15 corridor. For this reason, Escondido is highly sought after for regional North County tenants wanting to open one location to service both markets.
* North County San Diego is the place where innovation meets lifestyle. From tech startups to life sciences to manufacturing, the 78 Corridor attracts top talent and continues to grow. Escondido is centrally located in between Carlsbad and Rancho Bernardo, two of the highest concentrations of STEM workforce in the county.
* 18,900-SF industrial warehouse with “turnkey” interiors, including 20-foot clear warehouse area, plentiful offices, and rooftop solar.
* This is an ideal corporate headquarters investment that provides an attractive lease-savings tradeoff. As opposed to leasing space, purchasing this property can provide
protection against future rental market uncertainty and interest rate hikes, offering occupancy control, tax benefits, and after-tax equity accumulation.
* BONUS DEPRECIATION ADVANTAGE: Given the new tax legislation passed July 2025, a buyer would not have any occupancy cost in the first year given the estimated depreciation benefits providing an approximate $20,981 monthly tax savings or loss carry forward (See Lease vs. Own Analysis on page 33 of OM).
EXTREMELY STRONG MARKET FUNDAMENTALS SUPPORTING UPSIDE / NOI INCREASE
* The greater Escondido industrial market has one of the lowest vacancy rates in all Southern California currently sitting at only 1.0%. This submarket has the lowest vacancy within all North County San Diego comprising of over 51M SF of industrial product.
* Within the greater Escondido market, “Low Finish Industrial” within Escondido also has a vacancy rate of 1.0%.
AMENITY-RICH LOCATION IN NORTH SAN DIEGO
* Escondido is strategically located at the intersection of the SR-78 and I-15 and provides convenient access to both North County San Diego and Central San Diego along the I-15 corridor. For this reason, Escondido is highly sought after for regional North County tenants wanting to open one location to service both markets.
* North County San Diego is the place where innovation meets lifestyle. From tech startups to life sciences to manufacturing, the 78 Corridor attracts top talent and continues to grow. Escondido is centrally located in between Carlsbad and Rancho Bernardo, two of the highest concentrations of STEM workforce in the county.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,995,000 | Lot Size | 1.00 AC |
| Price Per SF | $264.29 | Rentable Building Area | 18,900 SF |
| Sale Type | Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1993 |
| Property Subtype | Manufacturing | Parking Ratio | 2.01/1,000 SF |
| Building Class | B | ||
| Zoning | IP, Escondido - Industrial | ||
| Price | $4,995,000 |
| Price Per SF | $264.29 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 1.00 AC |
| Rentable Building Area | 18,900 SF |
| No. Stories | 2 |
| Year Built | 1993 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | IP, Escondido - Industrial |
AMENITIES
- Fenced Lot
- Skylights
UTILITIES
- Water - City
- Sewer - City
1 1
PROPERTY TAXES
| Parcel Number | 232-051-39 | Improvements Assessment | $1,376,114 |
| Land Assessment | $961,476 | Total Assessment | $2,337,590 |
PROPERTY TAXES
Parcel Number
232-051-39
Land Assessment
$961,476
Improvements Assessment
$1,376,114
Total Assessment
$2,337,590
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955 S Andreasen Dr
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