Peter M. Moglia Of Alexandria Real Estate Equities Inc Signs 16-Year Lease With Pharmaceutical Company In San Diego
10300 Campus Point Drive
Building Size
466,598 SF
Asset Type
Office
Closing
Jul 14, 2025
AI
The asset involved in this lease transaction is an office property located at 10300 Campus Point Drive in San Diego. The total square footage of the facility is 466,598 RSF, which is designated for use as a build-to-suit research and development hub. This new facility will be part of a larger 2.6 million RSF campus expansion and aims for full electrification and LEED Gold certification.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 16-year
- Landlord: Peter M. Moglia - Alexandria Real Estate Equities Inc
- Market: San Diego
This lease agreement marks a significant milestone as Alexandria Real Estate entered into a 16-year lease with a multinational pharmaceutical company. The new facility is set to break ground in 2026 and is projected to be completed in 2028. This transaction represents the largest life science lease in Alexandria's history.
Players
San Diego Office Market Snapshot
Boundary boundary · Office · 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