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Escondido Office Building Sells for $5.4M

Local Developer Acquires Entire City Block
By Randy Evans
August 24, 2004 | 12:37 P.M.

The Lin Investment Trust purchased the Wells Fargo Office Complex at 420-470 S. Escondido Blvd. in Escondido, CA, for $5.4 million. The new owner paid approximately $183 per square foot for the north county locale. The 29,474-square-foot office building is on an entire city block, which totals approximately 2.75 acres. In a few years, the buyer plans to develop the property into a mixed used project.

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