Matthews™ Executes Landmark $24M Industrial Sale in El Cajon, California

SAN DIEGO, CA—Matthews™, a commercial real estate investment services and technology firm, successfully completed the $24,000,000 sale of an industrial property located at 2025 Gillespie Way in El Cajon, California. First Vice President & Senior Director Chris Nelson represented the buyer in the transaction, marking the second-largest industrial sale by price in San Diego’s East County submarket history and the second-largest building ever to sell in El Cajon.

Leveraging the firm’s AI-powered proprietary data platform, Artemis, Nelson identified the well-located San Diego industrial asset as a compelling opportunity with three logistics tenants in place and long-term flexibility. Nelson brought the buyer, a limited partnership of several local investors, to the table. During escrow, Nelson conducted an extensive feasibility study to evaluate the building’s flexibility in the event of future vacancy. The analysis determined the property could be divided into spaces as small as approximately 25,000 square feet, significantly expanding the potential tenant pool and mitigating future vacancy risk by reducing reliance on larger users.

Located within Gillespie Field Business Park, a master-planned industrial park in San Diego’s East County, the 150,159-square-foot facility is ideally positioned near several of the region’s major transportation corridors, including I-8 and SR 52, 67, and 125. The fully occupied property features 27-foot clear heights, 15 exterior docks, four drive-in doors, six levelers, and heavy power, supporting a range of industrial and distribution uses. With less than 5% of the submarket’s inventory consisting of true dock-high distribution space, the property is one of the market’s few Class A distribution options.

“Securing this asset reflects our deep understanding of the local industrial landscape,” Nelson said. “The value here goes beyond the building’s size. Scarcity of product type, flexibility of configuration, and location to relative basis position the buyer for long-term success in a highly competitive market.”

For more information, please contact Chris Nelson or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.