For Sale
$7,500,000

221 Crest StEscondido, CA 92025

Prime Escondido Office, Vacant, 32,001 SF

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional three-story, Class B office building, totaling 32,001 square feet of net rentable space, is situated on a 1.57-acre lot in Escondido, California (zip code 92025). Built in 1991, the property features a high-end design, including a large, impressive lobby, significant glass frontage, and building-top signage. A fenced parking lot with an automated gate provides ample parking. Currently vacant, this owner-user opportunity allows for immediate occupancy of the entire building, offering significant lease savings. The building's layout includes large floor plates, making it ideal for a corporate headquarters or a business requiring substantial space. The property's location at 221 W Crest St offers convenient access to major transportation arteries, including the I-15 and CA-78 freeways, providing easy commutes for employees and clients throughout North County San Diego and Central San Diego. Escondido's strategic location within the thriving North County San Diego market, known for its concentration of technology, life sciences, and manufacturing businesses, makes this property a highly desirable investment. The asking price is $7,500,000, translating to $234.37 per square foot. The property's potential is further enhanced by the possibility of acquiring an adjacent parcel, which could significantly increase the parking ratio. This presents a rare opportunity to acquire a substantial, well-located office building in a rapidly growing area.

Highlights

  • Rare owner-user opportunity: 32,001 SF, three-story Class B office building in Escondido, CA (92025), offering significant lease savings. High-end finishes include a large lobby, substantial glass frontage, and building-top signage. Ample parking in a fenced lot with an automated gate. $7,500,000 asking price ($234.37/SF).
  • Currently 83.7% leased, with the entire third floor (15,408 SF) potentially available post-closing for owner-occupancy. Income from existing tenants on the lower floors provides additional revenue.
  • Potential to acquire adjacent parcel, increasing parking ratio to 6.33/1,000 SF.
  • Excellent location at 221 W Crest St, Escondido, offering easy access to I-15 and CA-78 freeways, serving both North and Central San Diego County.
  • Desirable North County San Diego location within a thriving market for technology, life sciences, and manufacturing businesses. Centrally located between Carlsbad and Rancho Bernardo, areas with high concentrations of STEM workers.

Property Details for 221 Crest St

Property type
Office properties
Square Feet
32,001 SF
Class
B
Year Built
1991
Buildings
1
Stories
3
Lot Size (sq. ft)
68,389 SF

Location Insight

City
Escondido
County
San Diego
State
California
Latitude
33.130447
Longitude
-117.0882801
221 Crest St, Escondido, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
221 Crest St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message