1120 Simpson Way Escondido, CA 92029
For Lease
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, CAEscondido. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.