Updated Oct 29, 2024
Novoron Bioscience Leases 7,432 SF Space At GENESIS-San Diego For Neurological Research
1155 Island Avenue San Diego, California 92101, USA
Building Size
7,432 SF
Asset Type
Office
Closing
Jun 20, 2023
About this deal
AI
Novoron Bioscience has signed a lease for a 7,432-square-foot space at the GENESIS-San Diego life science building in Downtown San Diego. The cutting-edge facility owned by Phase 3 Real Estate Partners, Inc. has attracted several forward-thinking life science companies. Novoron Bioscience will utilize the space to advance its research on neurological conditions.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1155 Island Avenue, San Diego
- Market: San Diego
- Asset Type: Office
- Square footage: 7,432
Chad Urie, Grant Schoneman, Taylor DeBerry, and John Hundley represented Phase 3 Real Estate Partners, Inc. as the landlord's representatives. Jon Engle represented Novoron Bioscience as the tenant's representative in the lease deal.
Players
San Diego Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse California office leases on Traded.
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