Properties:

Exeter Industrial Park

Exeter Industrial Park

Exeter Industrial Park Winner of San Diego Business Journal’s Best Industrial Deal of 2017. Badiee purchased the first parcel for $1,300,000 and combined with an adjacent parcel (Escondido Innovation Center) which was acquired for $2,952,225. Project was originally designed to be two separate 100,000+ SF buildings.

Once grading commenced, Exeter REIT purchased the property and retained Badiee Development Inc. as construction manager. The project was re-entitled to build a single 212,000 SF building and is poised to be largest industrial building in the city of Escondido. The investors in the project realized a 83% IRR from this investment.

  •          212,088 square feet

  • 10.9 acre development site

  • Construction to commence in Q4 2017

  • Estimated completion by summer 2018

  • Ideal for distribution + wholesale + warehouse

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