1441 Montiel Road, Escondido

ESCONDIDO, CA

In addition, the 78 Freeway lies in the middle of the submarket and offers connections to the I-5 and I-15 Freeways in addition to east/west access between coastal and inland north San Diego County communities. Escondido is also well-served by public transportation with access to the Sprinter commuter rail systems, three major ports, and three major international airports: San Diego International Airport (32 miles); John Wayne International Airport (98 miles); and Los Angeles International Airport (106 miles). In the last six years, Escondido has been a leader in economic growth. The unemployment rate is 4.6% and industrial vacancy is 3.6%, the lowest in North County. Annual sales tax has reached a record level of 36 million dollars. In 2016 we have added 560 net new businesses. Today they have 35 significant, high-end commercial and residential projects in progress, valued at 1.2 billion dollars in capital investment and creating more jobs in Escondido. The collaboration with neighboring cities, Innovate 78, has received strong recognition as a successful model and a catalyst to promote regional economies. A CITY FOCUSED ECONOMIC DEVELOPMENT, FINANCIAL STABILITY, PUBLIC SAFETY AND NEIGHBORHOOD IMPROVEMENT.

CITY OF ESCONDIDO Escondido may mean “hidden” but it’s no secret there’s a lot going on here! Located just 30 miles northeast of downtown San Diego and 20 minutes from the coast, Escondido is home to major attractions, beautiful wineries, craft breweries, unique arts and theatre, delicious culinary experiences and a charming historic downtown. Enjoy our beautiful climate with year-round golfing, hiking, biking, fishing, and fantastic events! Escondido is the heart of northern San Diego… rich in history and culture. The list of “must do’s” includes the California Center for the Arts, Escondido, a unique performing arts complex, museum, and conference center; the San Diego Zoo Safari Park, an expansive wildlife sanctuary; the amazing sculpture garden, Queen Califia’s Magical Circle, created by the late world- acclaimed artist Niki de Saint Phalle; Cruisin’ Grand Escondido, one of the greatest ongoing traditions in San Diego County; the San Diego Children’s Discovery Museum; and the Daley Ranch, a wilderness preserve with extensive hiking, biking and equestrian trails. OUTSTANDING LOCATION & ACCESS Escondido is well located with outstanding local and regional access. The I-15 Freeway is located along the west side of the submarket and provides access to Riverside County to the north and Downtown San Diego and the Mexico Border to the south.

OFFERING MEMORANDUM

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