Freestanding Industrial
946 S Andreasen Dr, Escondido, CA 92029
For Sale
New
Contact for pricing
The column-free interior combines warehouse space with dedicated offices and dock and grade-level loading.
Property Size18,985 SF
Days on Market6
Property Features for 946 S Andreasen Dr
General Information
Standard status
Size
Class
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Clear Span
Mezzanine
Dock-High Doors
Drive-In Doors
Power
Voltage
Three-Phase Power
Additional Details
Property Use
Building Details
Year Built
Building Size
Construction
Listing Agency:
San Diego
(949) 885-2900
Listed By:
Chris Baumgart, SIOR · License CA #01888224
(858) 736-1710
Source:
Property.jll
Added: Nov 8
Last Checked: Nov 12 at 4:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of San Diego
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Investment Insights
Based on property information with market context.
This 18,985-square-foot industrial building, completed in 2000, has a concrete tilt-up structure and a clear-span warehouse without interior columns. Approximately 15% of the building is office space, and an approximately 1,585-square-foot second-floor mezzanine is included in the total area. Loading is provided by one dock and three grade-level doors measuring 12 by 14 feet. Ceiling height is approximately 22–24 feet, with 2,400 amps of 480/277V, three-phase power. Concrete drives serve the property, which can be fully fenced and secured. Parking is approximately 2 spaces per 1,000 square feet, with additional street parking. The property is zoned I-P, Industrial Park.
Key Highlights
- 18,985 SF building, including an approximately 1,585 SF second‑floor mezzanine
- Concrete tilt‑up construction with a clear‑span warehouse and no interior columns
- Approximately 15% office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$254,460
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,089,200
$5.1M
Cap Rate 7%
$3,635,143
$3.6M
Cap Rate 9%
$2,827,333
$2.8M
Market Conditions
NOI Build-Up for 18,985 SF
Gross rent
$318.9K $16.80/SF
− Vacancy
−$19.6K −$1.03/SF
EGI
$299.4K $15.77/SF
− OpEx
−$44.9K −$2.37/SF
NOI
$254.5K $13.40/SF
Area
Escondido, CA
Vacancy
6.14%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,089,200
Cap Rate 7%
$3,635,143
Cap Rate 9%
$2,827,333
Alternative Uses
Best Use
Warehouse
$3.64M
$3.18M – $4.24M
NOI $254,460 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.70M
$5.86M – $7.82M
NOI $469,127 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
24 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,712
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92029, CA
21,236
Population
7,976
Households
2.7
Avg Household Size
44
Median Age
47%
College-Educated
91%
High-School Grad
22.6 sq mi
ZIP Area
940
Density / Sq Mi
$120,038
Median Household Income
$60,558
Median Earnings
$2,232
Median Rent
$911,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in San Diego County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
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- Portable Storage Rental Pros Escondido — 130 N Hale Ave #51, Escondido, CA 92029
- North County Moving & Storage Inc — 455 N Hale Ave, Escondido, CA 92029
- Palomar Health Medical Records — 2185 Citracado Parkwy, Escondido, CA 92029
Frequently Asked Questions
What type of property is this?
Warehouse - The column-free interior combines warehouse space with dedicated offices and dock and grade-level loading.
Where is this warehouse located?
The property is located at 946 S Andreasen Dr Escondido, CA.
What are key features of this property?
This property features: 18,985 SF building, including an approximately 1,585 SF second‑floor mezzanine; Concrete tilt‑up construction with a clear‑span warehouse and no interior columns; Approximately 15% office area
