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10021 Willow Creek Rd
San Diego, CA 92131
Office Property For Sale


INVESTMENT HIGHLIGHTS
- Rare Owner-User Sale Opportunity Providing Significant Cash-Flow & Tax Benefits
- Highly Accessible Amenity Rich Location
- Compelling Market Fundamentals With Strong Projected Growth
EXECUTIVE SUMMARY
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.
-- 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.
-- 9775 Businesspark Ave: 25k SF, two story vacant office/flex R&D building.
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.
* 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.
-- 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.
-- 9775 Businesspark Ave: 25k SF, two story vacant office/flex R&D building.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
24,283 SF
Building Class
B
Year Built/Renovated
1984/2015
Price
$9,159,974 CAD
Price Per SF
$377.22 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,142 SF
Slab To Slab
11’
Building FAR
0.29
Lot Size
1.92 AC
Zoning
IP-2-1 - Office Professional
Parking
75 Spaces (3.09 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Storage Space
- Monument Signage
PROPERTY TAXES
| Parcel Number | 363-072-22 | Improvements Assessment | $9,819,251 CAD |
| Land Assessment | $6,546,166 CAD | Total Assessment | $16,365,417 CAD |
PROPERTY TAXES
Parcel Number
363-072-22
Land Assessment
$6,546,166 CAD
Improvements Assessment
$9,819,251 CAD
Total Assessment
$16,365,417 CAD
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