Healthcare

Sorrento Corporate Center 9940-9950 Barnes Canyon

9940 and 9950 Barnes Canyon Road San Diego, CA United States 92121
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 1984
Building Area

Property Description

The 7.34-acre site may accommodate up to approximately 640,000 square feet in either mid- or high-rise buildings to accommodate either life science or class A office improvements, allowing an owner to seamlessly pivot its strategy based on tenant demand.

Investment Highlights

  • Jones Lang LaSalle Americas, Inc. ("JLL") has been retained as the Exclusive Agent for Seller to extend qualified principals the opportunity to acquire a fee simple interest in Sorrento Corporate Center (the “Property”, “Site” or “SCC”), which is presently 100% leased to Qualcomm through October 2021.
  • The Property is strategically located in the heart of the Sorrento Mesa submarket of San Diego, one of the most sought-after real estate submarkets in Southern California due to its central location and diverse mixture of corporate headquarters, new economy technology and life science companies. Sorrento Mesa is truly a live-work-play environment and offers a broad range of retail services, hospitality and amenities to the business community.
  • Completed in 1984, the Property consists of two two-story corporate headquarter / R&D buildings situated on a 7.34-acre site surface parked. Sorrento Corporate Center offers its tenants outstanding accessibility to Interstates 805 and 5 which boasts proximate access to all the area’s major thoroughfares. Sorrento Mesa is also easily accessible to UCSD, the UTC submarket and north coastal San Diego.
  • Qualcomm has occupied these buildings for the past 20 years with an expiration date of October 31, 2021, bringing in a Year 1 Net Operating Income of nearly $3 million. Currently, Qualcomm utilizes this facility for various data related uses as the property can access the underground fiber optic infrastructure that connects various Qualcomm facilities in the immediate area. SCC represents an unparalleled opportunity for investors to own an asset in an irreplaceable location with immediate upside in Sorrento Mesa, one of the west coast’s core technology markets and home to the world’s preeminent 5G research and wireless chip design and life science ecosystems.
Nick Psyllos
Nick Psyllos
Managing Director, Capital Markets
License details
CA - 00788060
Christopher Collins
Christopher Collins
Director, Capital Markets
License details
CA - 01927590

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.

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

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