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

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.

Key Facts

Year Built 1986
Building Area
Land Area ()

Property Description

Jones Lang LaSalle has been retained as the Exclusive Agent for Seller to extend qualified principals the opportunity to acquire a fee simple interest in Alta Sorrento (the “Property”). Located at 9444 Waples Street in San Diego, California, the 4-story Property contains a total of 88,380 square feet.


The Property is strategically located in the heart of the Sorrento Mesa submarket of North Cities San Diego, one of the most sought-after real estate submarkets in Southern California due to its central location, expansive Life Sciences market, highly diverse corporate headquarters and emerging tech companies.


Completed in 1986, Alta Sorrento offers investors the opportunity to reposition the project from a traditional office building into a Life Sciences facility. The Property is occupied by conventional office tenants with short term leases. Alta Sorrento’s base building infrastructure allows the investor the opportunity to unleash its potential as a Life Sciences building, ensuring strong occupancy at elevated rental rates well into the future. San Diego ranks in the nation’s top three Life Sciences markets with record venture capital funding in the sector of over $3.7 billion across 49 separate raises during 2020. 

Investment Highlights

  • Exceptional life sciences opportunity
  • Core life sciences location
  • Efficient building design
  • Severely supply constrained market
  • Record setting VC funding ($5 billion) in San Diego
  • Explosive life sciences demand


Last Updated Date: 22 Jan 2021
Bob Prendergast
Bob Prendergast
Managing Director, Capital Markets
License details
CA - 00883530
Sach Kirpalani
Sach Kirpalani
Senior Director, Capital Markets
License details
CA - 01799500

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

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: 22 Jan 2021

Do you have any questions?  Visit our FAQ page

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.