Express Dry Acquires Industrial Building In Escondido For $4.38M

Express Dry, under Expressunits1449 LLC, has purchased a 14,000-square-foot industrial building located at 1449 Simpson Way in Escondido, California. The property was acquired from Marky Sparky Toys for a total price of $4.38 million. This transaction supports Express Dry's expansion plans in the high-demand Escondido submarket, which is known for its convenient location and low vacancy rates.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $4,380,000
• Square Footage: 14,000
• Price per Square Foot: $313
• Address: 1449 Simpson Way, Escondido
• Market: Escondido

Chris Baumgart from JLL represented the buyer, Express Dry, in this transaction. San Diego Commercial acted as the seller's representative. The deal marks another step forward in Express Dry's growth strategy, taking advantage of the favorable market conditions in the Escondido submarket. This purchase will undoubtedly contribute to the company's expansion efforts.