221 W Crest St - Office FOR SALE


Escondido, CA 92025- Central Escondido
$6,448,160 USD
858-546-2647
221 W Crest St, Escondido, CA for Sale
$6,448,160 USD
Office - FOR SALE
1/23
null | Request Cap Rate

221 W Crest St
Escondido, CA 92025
Central Escondido


HIGHLIGHTS

  • RARE OWNER/USER OFFICE BUILDING FOR SALE IN ESCONDIDO, CA
  • EXCELLENT MARKET FUNDAMENTALS IN ESCONDIDO

OVERVIEW

RARE OWNER/USER OFFICE BUILDING FOR SALE IN ESCONDIDO, CA * High-end three-story office building with large floor plates, an impressive lobby, exceptional glass line, building-top signage, and fenced parking lot with an automated gate. The property would serve as an ideal corporate headquarters for an owner-user seeking a lease savings trade-off. * The building is currently 49.5% leased. This gives the ability for an owner user to occupy 15,586 SF and receive income from the other tenants on the first and second floors. * The neighboring parcel can also be potentially acquired which would increase the parking ratio to 6.33 per 1,000 SF. Please call broker for additional details. * Owner-User Advantage | This is an ideal office owner user investment that provides an attractive lease saving trade-off. As opposed to leasing space, a purchase provides protection against future rental market uncertainty and rate hikes. It further offers occupancy control, significant tax benefits and after-tax equity accumulation. * Bonus Depreciation Advantage | Given the new tax legislation passed July 2025, a buyer would not have any occupancy cost in the first year given the estimated epreciation benefits. Depending on the amount of square footage a buyer occupies, the occupancy savings are significant which total $66,351/month. (See Lease vs. Own Illustration on page 29 of OM) EXCELLENT MARKET FUNDAMENTALS * The current office vacancy rate in Escondido is a healthy 9.1% and remains one of the strongest office markets in San Diego County evident by its historical stability of its vacancy rates.

FOR SALE DETAILS

PRICE

$6,448,160 USD

PRICE/SF

$201 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Crest Corporate Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

C-G

APN/PARCEL ID

229-120-75

ASK ABOUT THIS PROPERTY

858-546-2647

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858-546-2647

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