McCarthy Building Companies Leases 30,000 SF Office Space At One Paseo, San Diego
12830 El Camino Real, San Diego, California 92130, USA
Building Size
30,000 SF
Asset Type
Office
Closing
Jul 6, 2023
AI
McCarthy Building Companies, Inc. has recently signed a lease for a 30,000 square-foot office space at One Paseo, located at 12830 El Camino Real, Suite 200 in San Diego's Carmel Valley. This newly developed mixed-use campus will serve as McCarthy Building Companies' expanded presence in San Diego, offering a collaborative workspace to attract top talent.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not available
- Address: 12830 El Camino Real, Suite 200
- Market: San Diego
- Square Footage: 30,000
The lease transaction was facilitated by Bob Betz, representing McCarthy Building Companies, Inc., and Nicole Winters, Shawn Lorentzen, and Scott Wetzel from JLL acted as the brokers in this deal.
With their new office at One Paseo, McCarthy Building Companies, Inc. aims to create a collaborative workspace that will enhance productivity and attract talented professionals to join their team. The expansion of their presence in San Diego reflects the company's commitment to growth and success in the region.
Players
Los Angeles 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