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384 Oyster Point Boulevard

Catherine Owen Adams Of Acadia Pharmaceuticals Leases 16000 SF At Kilroy Realty's Oyster Point Campus
LEASEDLife Sciences

Catherine Owen Adams Of Acadia Pharmaceuticals Leases 16000 SF At Kilroy Realty's Oyster Point Campus

384 Oyster Point Boulevard

Building Size

16,000 SF

Asset Type

Life Sciences

Closing

Nov 1, 2025

AI

The transaction involves a lease agreement for 16,000 square feet of life sciences space located at 384 Oyster Point Boulevard in the South San Francisco market. This asset is part of the second phase of Kilroy Realty’s project, which spans 865,000 square feet in total.

Summary of transaction details:

  • Property Type: Life Sciences
  • Transaction Amount: Not Specified
  • Address: 384 Oyster Point Boulevard
  • Market: South San Francisco
  • Landlord: Angela Aman - Kilroy Realty
  • Tenant: Catherine Owen Adams - Acadia Pharmaceuticals

Angela Aman represents Kilroy Realty in this transaction, while Catherine Owen Adams represents Acadia Pharmaceuticals. The lease enables Acadia to expand its presence beyond San Diego and Princeton, allowing the company access to the Bay Area’s biotech talent pool.

Players

KR
Kilroy RealtyLandlord

Catherine Owen Adams

Acadia Pharmaceuticals

Tenant
Tenant

South San Francisco 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