92,477 square foot R&D building located in Sorrento Mesa, San Diego’s most technology-oriented submarket.
Institutional quality with large floor plates, generous glass line, and significant improvements to the lobby and leased spaces by prior owner.
Graymark will perform a market-ready renovation of the vacant shell space to bring the project to full occupancy.
Post renovation, leasing will benefit from lack of competitive availabilities – Over 2,000,000 SF of Sorrento Mesa R&D projects have been converted to creative office or life science space.
Sorrento Mesa boasts a 9.2% R&D vacancy and corporate tenants such as Qualcomm, Verizon, Google, Dexcom, Nuvasive, Becton-Dickson.
Purchase price of approximately 65% of replacement cost.