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12340 El Camino Real

DermTech Leases 28,869 SF Office Space At 12340 El Camino Real With JLL As Tenant's Rep
LEASEDOffice

DermTech Leases 28,869 SF Office Space At 12340 El Camino Real With JLL As Tenant's Rep

12340 El Camino Real

Building Size

Asset Type

Office

Closing

Jun 30, 2025

AI

An office asset located at 12340 El Camino Real in the San Diego market. The property comprises a total space of 28,869 square feet and is situated in the Del Mar Corporate Center.

Summary of transaction details:

The lease was signed on June 30, 2025, with DermTech, LLC securing headquarters and lab space, facilitated by tenant representatives from JLL while the landlord was represented by Cushman & Wakefield.

Players

Grant Schoneman

JLL

Broker

$15.9M

vol

6 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
JLL
JLLBrokerage

Angela M. Aman

Kilroy

Landlord

$894.3M

vol

18 deals

Landlord

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