Updated Jul 2, 2025
Johnson & Johnson's Joaquin Duato Leases R&D Building To Nurix Therapeutics' Arthur T. Sands In Brisbane
1600 Sierra Point Parkway
Building Size
159,959 SF
Asset Type
Office
Closing
Jul 2, 2025
About this deal
AI
The property involved in this transaction is an office asset located at 1600 Sierra Point Parkway in Brisbane, California. This building encompasses a total of 159,959 square feet. It was previously utilized as a research and development facility by Johnson & Johnson before its closure as part of a strategic pivot toward different locations within California.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1600 Sierra Point Parkway
- Market: Brisbane
- Square Footage: 159,959
- Landlord: Joaquin Duato - Johnson & Johnson
- Tenant: Arthur T. Sands - Nurix Therapeutics
The deal was finalized with Nurix Therapeutics signing a sublease agreement that extends through the year 2031. The agreement occurs against the backdrop of the Bay Area life sciences market, which is currently experiencing a 28.3% vacancy rate, with a notable decline in sublease availability for the second consecutive quarter.
On the Map
Office
View full map
Players
Brisbane Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
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