Updated Sep 14, 2026
Stanley T. Crooke Of N-Lorem Foundation Signs Lease For 23,272 SF At Alloy Properties In San Diego
10201 Wateridge Circle
Building Size
23,272 SF
Asset Type
Life Sciences
Closing
Jul 14, 2026
About this deal
AI
10201 Wateridge Circle in San Diego, CA, features a life sciences asset consisting of 23,272 square feet. The property is part of Alloy Properties’ Elements campus, catering to the needs of organizations within the life sciences sector.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: Not disclosed
- Landlord: Alloy Properties
- Tenant: Stanley T. Crooke - n-Lorem Foundation
- Date: 07/14/2026
The n-Lorem Foundation's lease agreement marks a significant transaction within the San Diego market, as it represents the third-largest life sciences lease last quarter. The arrangement reflects the ongoing demand from nonprofit organizations in the sector, despite the challenges faced by commercial biotech leasing in the area.
Players
San Diego Life Sciences Market Snapshot
Boundary boundary · Life Sciences · 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