9775 Businesspark & 10021 Willow Creek Office FOR SALE


San Diego, CA - Scripps Ranch
$13,500,000 USD
858-527-2727
, San Diego, CA for Sale
$13,500,000 USD
Office - FOR SALE
1/8
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9775 Businesspark & 10021 Willow Creek
San Diego, CA
Scripps Ranch


HIGHLIGHTS

  • Rare Owner-User Sale Opportunity Providing Significant Cash-Flow & Tax Benefits
  • Compelling Market Fundamentals With Strong Projected Growth
  • Highly Accessible Amenity Rich Location

OVERVIEW

Rare Owner-User Sale Opportunity Providing Significant Cash-Flow & Tax Benefits * Two office and flex buildings offering significant in-place cash flow, a campus-style setting, excellent egress/ingress, and dynamic surrounding retail amenities. * Given the new tax legislation passed July 2025, an owner user occupying the 9775 building would have a monthly federal tax savings of $85,777 ($1,029,324 in Year 1) given the depreciation benefits and substantial in-place income at the adjacent building. -- 9775 Businesspark Ave: 25k SF, two story vacant office/flex R&D building. -- 10021 Willow Creek: 24k SF, two story 81%-leased to three diverse tenants providing new ownership with stable cash-flow and upside through leasing up the one remaining vacancy. Compelling Market Fundamentals With Strong Projected Growth * Smaller multi-tenant buildings in Scripps Ranch have historically low vacancy rates which currently sit at 7.5% with a 5 year average of 6.51% and 10 year average of only 7.08%. * Scripps Ranch remains a lower cost alternative to the nearby high-rise Class A market, UTC, where rents are more than double and traffic congestion persists. Highly Accessible Amenity Rich Location * Irreplaceable location within one minute from the I-15 freeway, providing access to all Southern California. * The I-15 freeway houses a variety of San Diego’s largest credit tenants such as Apple, Northrop Grumman, General Atomics, Sony, Microsoft, HP, Broadcom, Intel, Sharp Rees-Stealy and MedImpact Healthcare Systems.

ASK ABOUT THIS PROPERTY

Matt PourchoCBRE, Inc.More Info
858-527-2727

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Matt PourchoCBRE, Inc.More Info
858-527-2727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.