Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1986
Building Area Net
Land Area Net ()
Occupancy 77.4 %

Asset Description

JLL, as exclusive advisor, is pleased to present the opportunity to acquire Sky Park Office Plaza (the “Property” or “Sky Park”), a 204,959 square foot, two building multi-tenant Class A office campus located in one of San Diego’s best performing submarkets, Kearny Mesa. Currently 77.4% leased to a dynamic mix of high-quality corporate and investment grade tenants, the Property offers an overall weighted average lease term (WALT) of 3.2 years. Each building has benefited from substantial capital investments highlighted by renovated lobbies, roof replacements on both buildings, fitness center & locker room upgrades, and parking lot enhancements. Other key features include steel-frame construction, slab-to-slab heights of ±14’, creative tenant build-outs, onsite café, on-site gym, and large flexible and efficient floor plates ideal for the growing demand of corporate users as demonstrated by the multiple tenants expanding operations within the Property.


Sky Park rests on a prominent corner location within the Kearny Mesa submarket that is set to directly benefit from displaced office tenant demand caused by the unprecedented acceleration of life sciences conversions and redevelopments throughout San Diego County. The Property features exceptional regional access with close proximity to five of San Diego’s main freeways: I-15, I-8, I-805, Hwy 163 and Hwy 52. Moreover, the Property falls within the new Kearny Mesa Community Plan Update boundary which is already fueling significant growth through zoning updates that will allow for higher residential density and promote a more vibrant, walkable mixed-use live-work-play environment.

Investment Highlights

  • Located in high growth submarket fueled by new community plan
  • Diversified tenant roster
  • Class A functionally-superior office
  • Shrinking denominator effect occurring in San Diego office market
  • Located in one of San Diego's premier employment hubs
  • Central location, accessibility, and visibility
  • Strong rents across Central San Diego
  • San Diego's tech sector is picking up unprecedented momentum
  • Tech market metrics are poised for further growth
Last Updated Date: 18 Apr 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 18 Apr 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.