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Crest Corporate Center 221 W Crest St 30,896 SF Office Building Escondido, CA 92025 $8,797,934 CAD ($284.76 CAD/SF)
Investment Highlights
- RARE OWNER/USER OFFICE BUILDING FOR SALE IN ESCONDIDO, CA
- EXCELLENT MARKET FUNDAMENTALS IN ESCONDIDO
Executive Summary
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.
* 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.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
30,896 SF
Building Class
B
Year Built
1991
Price
$8,797,934 CAD
Price Per SF
$284.76 CAD
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,299 SF
Slab To Slab
9’
Building FAR
0.45
Lot Size
1.57 AC
Opportunity Zone
Yes
Zoning
C-G - General Commercial
Parking
103 Spaces (3.33 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Suite features reception area, seven private offices, conference room, kitchen/break area and a storage room.
Suite features reception area, twelve private offices, large multi-purpose room, two conference rooms, and a storage room.
*Furniture Available* Full floor opportunity with 2 double door entries, a reception area, 14 private offices, 2 conference rooms, kitchen and a storage room.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 102 | 2,347 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 201 | 2,506 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 300 | 10,629 SF | Office | - | 60 Days |
1st Fl-Ste 102
| Size |
| 2,347 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 2,506 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 10,629 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 60 Days |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 102
| Size | 2,347 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Suite features reception area, seven private offices, conference room, kitchen/break area and a storage room.
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 201
| Size | 2,506 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Suite features reception area, twelve private offices, large multi-purpose room, two conference rooms, and a storage room.
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 300
| Size | 10,629 SF |
| Space Use | Office |
| Condition | - |
| Available | 60 Days |
*Furniture Available* Full floor opportunity with 2 double door entries, a reception area, 14 private offices, 2 conference rooms, kitchen and a storage room.
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 229-120-75 | Improvements Assessment | $4,938,808 CAD |
| Land Assessment | $2,026,617 CAD | Total Assessment | $6,965,425 CAD |
Property Taxes
Parcel Number
229-120-75
Land Assessment
$2,026,617 CAD
Improvements Assessment
$4,938,808 CAD
Total Assessment
$6,965,425 CAD
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Crest Corporate Center | 221 W Crest St
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