221 W Crest St, Escondido, CA 92025

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 depreciation 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)