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10201 Wateridge Circle

Updated Sep 14, 2026

Stanley T. Crooke Of N-Lorem Foundation Signs Lease For 23,272 SF At Alloy Properties In San Diego
LEASEDLife Sciences

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

Alloy Properties
Alloy PropertiesLandlord

Stanley T. Crooke

n-Lorem Foundation

Tenant

1 deal

Tenant
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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

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