Wells Fargo Renews 22,782 Square Foot Office Lease At 12531 High Bluff Drive In San Diego
12531 High Bluff Drive
Building Size
22,782 SF
Asset Type
Office
Closing
Jul 21, 2026
AI
The property asset involved in the transaction is an office space located at 12531 High Bluff Drive in San Diego, CA. This office measures 22,782 square feet and is situated in the San Diego's Del Mar Heights/Carmel Valley submarket, which is noted for its high market value.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 12531 High Bluff Drive, San Diego, CA
- Market: San Diego, CA
- Tenant: Charles W. Scharf - Wells Fargo
- Square Footage: 22,782
Wells Fargo, represented by Charles W. Scharf, has renewed its lease at this location, affirming its commitment to remain in one of the county's premium office markets. The renewal highlights the demand for office space in Del Mar Heights, characterized by decreasing availability and increasing rental prices.
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