Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ESCONDIDO, CA-A 24,104-sf warehouse and office facility has traded hands in Escondido, as San Diego County’s flex/R&D market continues on its upward swing.

Howard Industries, a Culver City-based distributor of heaters and air-conditioners, has shelled out $2.1 million for the building. Located in the 86-acre WineRidge Business Park, the facility stands at 960 S. Andreasen Dr.

Mike Erwin and Barry Hendler of BRE Commercial/NAI acted on behalf of Howard Industries. Howard Zatkin of Colliers International represented the seller, WineRidge LLC, which counts Ray Vellinga as managing member.

The transaction has come as the county’s flex/R&D market is still performing positively, despite the current uncertainty in the national economy. The market has just come off another strong quarter, with availability contracting from 15.16% to 14.76%, according to a recent report by Insignia/ESG. “While this contraction appears miniscule, it strengthens a trend more than six quarters long: prolonged diminishing availability in a down economy,” Insignia/ESG researchers say.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.