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
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