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Property profile & analytics
FOR LEASE
Manufacturing properties

1120 Simpson Way Escondido, CA 92029

20,473 SF 1.17 ac lot Built 1970
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-9209574
Property summary
AI-generated overview

This exceptional investment opportunity presents a multi-tenant industrial portfolio comprising three buildings totaling 20,420 square feet situated on a 1.17-acre lot in Escondido, California. The property, located at 1120-1140 Simpson Way, boasts a desirable M-2 zoning designation. Each building offers significant value, with unit sizes approximately 4,000, 12,560, and 3,860 square feet respectively. Constructed in 1970 and extensively renovated in 2021, the property features a 20-foot clear height ceiling, new epoxy flooring, and ample space for various industrial uses. The asking price is $6,695,000, translating to $327.86 per square foot and $2,231,666.67 per unit. This property presents a strong return on investment with its strategic location in San Diego County, modern upgrades, and high demand for industrial space in the area. The property's address is conveniently located in the 92029 zip code, offering easy access to major transportation routes and a thriving business community. This is an ideal opportunity for investors seeking a stable, high-yielding asset in a robust market.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1970
Total area 20,473 SF
Lot 1.17 ac (50,965 SF)
Zoning code INDUSTRIAL (M ZONE)
APN 232-061-36-00
UPID US09-9209574
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Yesterdays Best (Bike/Boat/Book/etc) Store Party Supply Store
  • Jeep 911 Auto Repair Shop Vehicle Inspection Center
  • Acoustic Zen Technologies Music Venue (Bike/Boat/Book/etc) Store
  • Hydrogen Power Systems Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.48M
CAP Approach CAP
$3.48M
Comparable Approach Comparable
$6.45M
Blend (final) Blend
$5.65M
Owner & transaction history
Quince LLC · 3 yrs held
Quince LLC
since 2022
Last sale
$5.9M
6 recorded transactions
2023
Price N/A
2022
Price N/A
2022
$5.9M
2020
$3.4M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $7.8M +55.6%
Office building $7.4M +47.0%
Warehouse, storage $6.3M +25.9%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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