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12481 High Bluff Drive, Ste...

TailoredSpace Leases 14412 Square Feet Office Space At 12481 High Bluff Drive In San Diego
LEASEDOffice

TailoredSpace Leases 14412 Square Feet Office Space At 12481 High Bluff Drive In San Diego

12481 High Bluff Drive, Ste 300

Building Size

14,412 SF

Asset Type

Office

Closing

Aug 7, 2025

AI

The property asset involved in the transaction is an office space located at 12481 High Bluff Drive Ste 300 in San Diego, encompassing a total of 14,412 square feet. The asset is situated in a market that includes notable developments, as TailoredSpace has expanded its San Diego portfolio with this lease, marking a significant growth in the area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 12481 High Bluff Drive Ste 300
  • Market: San Diego
  • Asset Size: 14,412 SF
  • Landlord: Jacques Chappuis - PGIM
  • Landlord's Representative: Joe Anderson & Brian Starck - Cushman & Wakefield
  • Tenant's Representative: Michael Mahoney - CBRE

The individuals involved in the deal include Jacques Chappuis as the landlord representing PGIM Real Estate. Joe Anderson and Brian Starck served as the landlord's representatives from Cushman & Wakefield, while Michael Mahoney represented the tenant, TailoredSpace, from CBRE. This transaction contributes to TailoredSpace's ongoing expansion, which includes additional sites currently under construction in Oceanside and Solana Beach.

Players

Joe Anderson

Cushman & Wakefield

Broker

1 deal

Broker
CBRE
CBREBrokerage

Jacques Chappuis

PGIM

Landlord

$3.1B

vol

16 deals

Landlord
PGIM
PGIM Landlord

Highbluff Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93