5625 Ruffin Rd 34,315 SF Office Building San Diego, CA 92123 $11,152,000 ($324.99/SF)

RARE KEARNY MESA CLASS A OFFICE OWNER USER OPPORTUNITY
* Attractive freestanding Class A Office providing an estimated $2.4 Million Year 1 Bonus Depreciation.

* A buyer has several occupancy options within the building, but we believe 2 logical scenarios exist:
1. A buyer occupies 63% of the building totaling 21,713 SF.
a. Qualifies for SBA Loan with 10% down payment.
b. $44,985/month of existing tenant income.
c. Significant tax advantage with NO occupancy costs in Year 1 and estimated loss
carry forwards of $55,968/month.
2. A buyer occupies 46% of the building, totaling 15,901 SF.
a. $64,606/month of existing tenant income.
b. Significant tax advantage with NO occupancy costs in Year 1 and estimated loss
carry forwards of $79,107/month.
c. 60-85% LTV owner user loans available.
* OWNER-USER ADVANTAGE | This is an ideal office/medical 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 and would also enjoy loss carry forwards for quite some time. (See Lease vs. Own Illustrations on pages 34-35 of OM).

MAJOR REMODEL COMPLETE
- New roof and rooftop HVAC equipment replaced in 2023
- New exterior paint / exterior window film
- New monument signs and interior signage including digital directories
- New flooring, lighting and fixtures in the restrooms
- Elevator finishes and machinery upgrades
- All new landscaping
- Lobby and corridor flooring, lighting, and paint
- Faux wood-look film on corridor doors
- New interior and exterior FF&E
* Kearny Mesa is one of San Diego’s premier submarkets, benefiting from its central location in San Diego and proximity to the region’s executive and workforce housing, as well as business hubs in Downtown, Mission Valley, La Jolla, and UTC submarkets. It is the only submarket in Central San Diego that enjoys the confluence of the area’s major freeways (I-805, I-15, SR-163).

SAN DIEGO’s LEADING MARKET FUNDAMENTALS
* Kearny Mesa has the highest percentage of its base buildings owned by owner/users, currently sitting at 79%. Therefore, these types of buildings rarely trade hands which offers an owner/user a unique opportunity to enter the Kearny Mesa submarket.

* Kearny Mesa has long been the real estate backbone for San Diego, providing the region with more than 23 million square feet of office and industrial space. Its central location is a magnet for commercial activity and jobs, leading to one of the region’s lowest vacancies and best absorption through every business cycle.