Updated Aug 27, 2026
ACON Laboratories Signs 97,200-Square-Foot R&D Lease At Canyon Ridge Technology Park In San Diego
9440 Carroll Park Drive
Building Size
97,000 SF
Asset Type
Mixed-use
Closing
Aug 24, 2026
About this deal
AI
The property asset involved in this context is a mixed-use building comprising 97,000 square feet located at 9440 Carroll Park Drive in San Diego, CA.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 9440 Carroll Park Drive
- Market: San Diego, CA
- Landlord: Donald Bren - Irvine Company
- Tenant: ACON Laboratories
- Lease Size: 97,200 square feet
- Location: Irvine Company’s Canyon Ridge Technology Park in Sorrento Mesa, San Diego
The deal signifies ACON Laboratories' largest R&D real estate transaction to date. This lease involves significant participation from Donald Bren, representing the Irvine Company in the capacity of landlord in this agreement with ACON Laboratories.
Players
San Diego Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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