Updated Sep 2, 2026
Amazon Leases 222,293 Square Feet At Chesnut Properties Gillespie Field IPark In El Cajon
1756 Weld Boulevard
Building Size
222,293 SF
Asset Type
Industrial
Closing
Aug 28, 2026
About this deal
AI
The property asset involved in this lease transaction is an industrial facility located at 1756 Weld Boulevard, El Cajon, CA. The total square footage of the property is 222,293 square feet. This lease is recognized as the largest industrial lease in San Diego County for the second quarter of 2026, highlighting its significance in the local market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1756 Weld Boulevard
- Market: El Cajon, CA
- Landlord: Lee Chesnut - Chestnut Properties
- Tenant: Andy Jassy & Jeff Bezos - Amazon
- Lease Size: 222,293 square feet
- Vacancy Rate: 2.9%
- Development Size: 386,000 square feet
This lease arrangement showcases the involvement of notable individuals in the commercial real estate sector, particularly Lee Chesnut representing Chestnut Properties as the landlord and prominent figures Andy Jassy and Jeff Bezos representing Amazon as the tenants. This transaction significantly contributes to addressing the demand for large logistics spaces amidst the low industrial vacancy in the region.
On the Map
Industrial
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Players
El Cajon Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93