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9775 Businesspark Ave & 10021 Willow Cre 2 Office Properties Offered at $13,500,000 in San Diego, CA
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
| Price | $13,500,000 | Number of Properties | 2 |
| Price / SF | $272.46 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 49,549 SF |
| Status | Active | Total Land Area | 3.78 AC |
| Price | $13,500,000 |
| Price / SF | $272.46 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 49,549 SF |
| Total Land Area | 3.78 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 9775 Businesspark Ave, San Diego, CA 92131 | Office | 25,266 SF | 1988 | - |
| 10021 Willow Creek Rd, San Diego, CA 92131 | Office | 24,283 SF | 1984 | - |
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9775 Businesspark Ave & 10021 Willow Cre
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