California + San Diego + Industrial | July 27, 2023

Owner-User Acquires Escondido Warehouse for Expansion

Express Dry under the entity Expressunits1449 LLC has acquired a 14,000-square-foot freestanding industrial building located at 1449 Simpson Way in Escondido for $4.38 million. The new building will be used for the company’s expansion in Escondido.

JLL’s Chris Baumgart represented the buyer. The seller, Marky Sparky Toys, was represented by San Diego Commercial.

“The Escondido submarket of North San Diego County continues to be highly desirable for industrial users with current vacancy around 2.5%,” said Baumgart, JLL EVP. “1449 Simpson Way provides the buyer with good warehouse functionality and outside storage to secure equipment and vehicles.”

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JLL's Baumgart

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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