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34586551
34586549

2040 West Mission Road, Escondido, CA 92029 For Sale

AJ
CA CA 01947389
Voit Real Estate Services San Diego
BK
CA 01177792
Voit Real Estate Services San Diego
Listed by Voit Real Estate Services San Diego
$5,981,967
1 day on market
Updated 1 day ago

2040 West Mission Road

Details
APN 228-360-16
Property Type Retail, Industrial
Sub Type Auto Shop, Warehouse
Square Footage 14,000
Cap Rate 5.50%
NOI $329,008
Tenancy Single
Brand/Tenant Caliber Collision (Caliber Bodyworks, LLC)
Lease Type NNN
Lease Term 13.8
Lease Expiration 08/30/2035
Rent Bumps Yes
Price per SqFt $427
Year Built 1986
Lot Size (SqFt) 32,234
Zoning M-2 (Industrial)
Parking Spaces 42 spaces
Parking per 1,000 SqFt 3.00
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 10/31/2021
Ground Lease No
Loading Docks 10

2040 West Mission Road, Escondido, CA 92029

Marketing description

The building's exterior façade features split-face CMU block masonry construction, with glassed in entrances at each end of the building articulating Suite A and Suite B. Interior partitions are wood-framed walls on a concrete foundation.

This rectangular lot totals approximately 32,234 SF, offering excellent visibility and access with roughly 110 feet of frontage along Nordahl Road and approximately 150 feet of frontage along West Mission Road.

The building is situated at the rear corner of the parcel, with 10 bay doors opening directly onto the parking area — providing efficient, drive-up vehicle loading and streamlined circulation throughout the site.

Situated for exceptional connectivity, the site is accessible from Highway 78 via Nordahl Road, Mission Road, or Barham Drive, and additionally from Interstate 15 via West Valley Parkway. Immediate freeway access of this caliber is a rare find for automotive repair facilities.

The property offers more than a 3.2/1,000 parking ratio; which is significantly greater than similar automotive repair facilities in the area. Driveways and parking areas are concrete-paved, reducing long-term maintenance requirements.

Access to the site is achieved through two entrances. The parcel is rectangular in shape and allows numerous turn-around options - offering a convenient solution for onsite-vehicular traffic circulation.

With a combined total of daily traffic of over 54,000 vehicles — 33,722 on Nordahl Road and 20,435 on Mission Road — it makes one of the most heavily trafficked locations in North County.

Divisibility eases future lease-up in the event of vacancy by widening the pool of prospective tenants. The property can be marketed to a range of sizes 6,000 SF – 13,000 SF.

Roll-up door access is the top priority for industrial users, especially automotive tenants, and this property is exceptional in that regard. While comparable 12,000–20,000 SF industrial buildings typically offer only 3-4 roll-up doors, this property has ten oversized grade-level loading doors — a level of access that would be difficult to replicate elsewhere. This allows the tenant to service multiple vehicles simultaneously without needing extra staff to shuffle cars in and out due to limited ingress/egress.

Founded in 1997, Caliber has grown to more than 1,850 centers nationwide across 41 states, featuring a range of automotive services including Caliber Collision, one of the nation's largest auto collision repair providers, and Caliber Auto Glass.

With the purpose of restoring the rhythm of customers' lives, Caliber's 30,000+ teammates are dedicated to getting customers back on the road safely, backed by an outstanding customer experience that consistently ranks among the highest satisfaction scores in the industry.

Caliber is backed by Hellman & Friedman and filed confidentially for an initial public offering in 2025, targeting a public listing in 2026 that could raise hundreds of millions of dollars to fund continued nationwide expansion.

Caliber Bodyworks, LLC has continuously operated an automotive body repair, painting, and frame shop at this Escondido location since 2000, reflecting more than two decades of operating history at the site.

Investment highlights

  • NNN lease to Caliber Bodyworks, LLC, an operating subsidiary of Caliber Collision, the nation's largest auto body repair chain with 1,850+ locations across 41 states.
  • Lease is corporately guaranteed by both Caliber Bodyworks LLC and Wand Newco 3, Inc.
  • Caliber has continuously operated a body repair, paint, and frame shop at this location since 2000 – more than 25 years of uninterrupted operating history at the site, most recently re-papered onto a new 13-year, 10-month lease through August 2035.
  • Contractual rent grows via 3% annual bumps every September through lease expiration, delivering steady, in-place rent growth.
  • Tenant reimburses 100% of real estate taxes, insurance, and Common Area Operating Expenses (including structural, roof, and parking lot maintenance), providing a fully net income stream to Landlord.
  • Caliber filed confidentially for an IPO in 2025 and, backed by Hellman & Friedman, is targeting a public listing in 2026 that could raise hundreds of millions of dollars to fund continued national expansion.
  • Located along Mission Road (County Route S-14) in the Escondido industrial submarket, minutes from both Interstate 15 and State Route 78.
  • Mission Road provides direct connectivity to San Marcos, Vista, Oceanside, and the broader North San Diego County market.
  • Surrounded by an established mix of automotive, home-improvement, and light-industrial users typical of this longstanding corridor.
  • Escondido is a core North San Diego County submarket with a population of roughly 150,000 and a diversified base of industrial, retail, and residential demand.
  • California's constrained industrial supply and high barriers to entry support long-term value retention for well-located infill industrial assets.
  • Freestanding, single-tenant industrial buildings of this size are in limited supply within the San Diego North County market.
  • 14,000 SF freestanding industrial building on a 0.74-acre parcel, built in 1986, with M-2 industrial zoning.
  • 10 grade-level drive-in doors purpose-suited for collision-repair and auto-service operations, plus 50 on-site parking spaces.

Listing Contacts

AJ
CA CA 01947389
Voit Real Estate Services San Diego
BK
CA 01177792
Voit Real Estate Services San Diego
Listed by Voit Real Estate Services San Diego

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$329,008.20
$27,417.35/mo

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DSCR
5.5%
Cap Rate
5.5%
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Additional Information

Name
Alex Jize
License
CA 01947389
Brokerage Phone
8584530505
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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