9244 Balboa Ave 45,600 SF Flex Building San Diego, CA 92123 $15,504,000 ($340/SF)

HIGH-IMAGE INDUSTRIAL OWNER-USER OPPORTUNITY IN CORPORATE LOCATION
* Attractive freestanding Corporate HQ/Office/R&D/Industrial Flex in a business park environment with abundant nearby amenities.

* Adjacency to workforce housing and easy access to executive housing.

* Walking distance to public transit and excellent access to SR-163, SR-52, I-15, I-805, I-8 Freeways.

* New "Cool" roof installed Dec. 2020 with a 15 year warranty.

* OWNER-USER ADVANTAGE: This is an ideal corporate headquarter 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, certain 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 providing an approximate $77,011 monthly tax savings or loss carry forwards. (See Lease vs. Own Analysis on page 29 of OM)

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.