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Embark Behavioral Health Leases 7500 Square Feet At 380 Stevens Ave Solana Beach From American Assets Trust Inc

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LEASED
Dan Henry
Richard (Dick) Balestri
+ 2

California

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Medical Office7,500 SF
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LEASED

Embark Behavioral Health Leases 7500 Square Feet At 380 Stevens Ave Solana Beach From American Assets Trust Inc

380 Stevens Ave, Solana Beach, CA, 9...

See Similar Deals
Medical Office7,500 SF
Dan Henry
Richard (Dick) Balestri
+ 2
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Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$0
Total Square Footage:7,500 SF
Transaction Type:Lease

Embark Behavioral Health has secured a new lease at 380 Stevens Ave, Solana Beach, CA within the Solana Crossing, a Class A medical office building. The leased space measures 7,500 square feet, marking Embark's first location in the San Diego market. The property is situated in a strategic area providing convenient access to Interstate 5.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 380 Stevens Ave, Solana Beach, CA
  • Market: Solana Beach
  • Tenant: Embark Behavioral Health
  • Landlord: American Assets Trust, Inc
  • Tenant's Representatives: Kevin Calihan-CBRE, Amy Trott-CBRE, Dan Henry-CBRE
  • Landlord's Representatives: Lars Eisenhauer-CBRE, Dick Balestri-CBRE
  • Square Feet: 7,500

In this transaction, CBRE's Dan Henry highlighted that Solana Beach is an ideal market for Embark's expansion in the San Diego area. Perkin Chung, SVP at Embark, emphasized the company's mission to address the mental health challenges faced by youth, exacerbated by the pandemic.

Players

Amy (Smith) Trott
1 deal(949) 290-1951
BROKER

Dan Henry
CBRE
3 deals$31M volume(760) 696-0454
BROKER



Lars Eisenhauer
CBRE
2 deals$31M volume(760) 438-8534
BROKER

Details

LEASED
IMAGE: 380 Stevens Ave, Solana Beach, CA, 9... MARKET: Solana Beach TENANT'S REP: Kevin Calihan-CBRE, Amy Trott-CBRE, Dan Henry-CBRE LANDLORD'S REP: Lars Eisenhauer-CBRE, Dick Balestri-CBRE TENANT: Embark Behavioral Health LANDLORD: American Assets Trust, Inc SQUARE FEET: 7500

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Deal Type
Effective Rent (Annual)

$429,895.47

Total Lease Value

$4,298,954.74

Net Landlord Cash Flow$429,895.47