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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 12340 El Camino Real
- Landlord: Angela M. Aman - Kilroy
- Tenant: Burkhard Jansen - DermTech
- Landlord's Representative: Brett Ward, Michael Cassolato & Evan Cassolato - Cushman & Wakefield
- Tenant's Representative: Grant Schoneman, Chad Urie & Stephanie MacLeod - JLL
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
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