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Conrad Prebys Foundation Leases 19,000 SF Office Space In San Diego

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LEASED

California

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Office19,000 SF
Leased 06/27/2024
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LEASED

Conrad Prebys Foundation Leases 19,000 SF Office Space In San Diego

1420 Kettner Boulevard

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Office19,000 SF
Leased 06/27/2024
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:19,000 SF
Transaction Type:Lease

The Conrad Prebys Foundation, a San Diego nonprofit with assets of $1.2 billion, leased a full 19,000-square-foot floor at 1420 Kettner Boulevard in San Diego's office market. The property was recently renovated by DivcoWest and Ocean West Capital Partners LLC, and it has attracted multiple tenants since its acquisition in 2017.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1420 Kettner Boulevard
  • Market: San Diego
  • Landlord: DivcoWest; Ocean West Capital Partners LLC
  • Tenant: The Conrad Prebys Foundation
  • Brokers: Derek Hulse & Morgan Reno - Cushman & Wakefield

The Conrad Prebys Foundation's lease agreement for the 19,000-square-foot space at Kettner & Ash in Little Italy was facilitated by brokers Derek Hulse and Morgan Reno from Cushman & Wakefield. Other notable tenants in the building include Spaces, Suffolk Construction, Paycom, Perkins & Will, and Birdrock Coffee Roasters.

Players

Derek Hulse
2 deals
BROKER

Morgan Reno
Cushman & Wakefield
2 deals(619) 843-1554
BROKER

Details

LEASED
IMAGE: 06/27/2024 ADDRESS: 1420 Kettner Boulevard MARKET: San Diego ASSET TYPE: Office ~ SF: 19,000 LANDLORD: DivcoWest; Ocean West Capital Partners LLC TENANT: The Conrad Prebys Foundation BROKERS: Derek Hulse & Morgan Reno - Cushman & Wakefield NOTE: The Conrad Prebys Foundation, a San Diego nonprofit with assets of $1.2 billion, leased a full 19,000-square-foot floor at Kettner & Ash in Little Italy. The building, recently renovated by DivcoWest and Ocean West Capital Partners LLC, has attracted several tenants including Spaces, Suffolk Construction, Paycom, Perkins & Will, and Birdrock Coffee Roasters since its acquisition in 2017.

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Deal Type
Effective Rent (Annual)

$1,089,068.53

Total Lease Value

$10,890,685.35

Net Landlord Cash Flow$1,089,068.53