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.