2110 Enterprise Street is offered at $3,775,000 ($324.98 per square foot) as an owner-user acquisition. The tenant in place today vacates in the first quarter of 2027, and the seller intends to close escrow after January 1, 2027 — which means a buyer takes delivery of an empty, fully improved, move-in-ready headquarters building precisely when they take title.

Key Terms

Price $3,775,000 — $324.98 per square foot.

Loan assumption option: The seller’s existing Standard Insurance Company first trust deed — 6.750% fixed, 30-year amortization, $9,924.00 monthly, approximately $1.49 million outstanding — may be assumed by a qualified buyer with lender approval. On assumption the price is reduced by $7.50 per square foot to $317.48 per square foot, reflecting the seller’s yield maintenance cost. Terms are set out under The Existing Loan, above.

Closing: Seller requires escrow to close after January 1, 2027. This allows application of net operating losses against capital gain in 2027; California does not permit the NOL deduction in 2026. The requirement aligns precisely with vacant delivery.

Possession: Vacant, in the first quarter of 2027.

Included in sale Conference room furniture, office furniture, warehouse industrial racking, and built-ins.

Interim income: The building is occupied by a profitable tenant under a modified gross lease through Q1 2027. A buyer closing in early 2027 receives income during the transition rather than carrying an empty building.

Owner-user financing: SBA 504 eligible at approximately 10% down for a buyer occupying 51% or more of the building. Up to 49% may be leased to a third party.

That timing is the entire point of this offering. This is not a leased investment being marketed for yield. It is a rare chance for a business to own a freestanding, single-story, corporate-quality building on a full-acre corner lot in the tightest industrial submarket in North San Diego County — with roughly $1.5 million of office and warehouse improvements already built, already paid for, and conveying with the sale.

For the right operating company, the improvements alone justify the pricing. Cushman & Wakefield’s 2026 Fit Out Cost Guide puts San Diego office build-out at $149 per square foot. Replicating what already exists inside this building would cost approximately $1.73 million and take the better part of a year — before a single employee moved in.