Updated Sep 8, 2026
Tim Cook Of Apple Renews 196,734 Square Feet Office Lease At 16620 West Bernardo Drive San Diego
16620 West Bernardo Drive
Building Size
196,734 SF
Asset Type
Office
Closing
Jul 17, 2026
About this deal
AI
The asset involved in this transaction is an office space totaling 196,734 square feet located at 16620 West Bernardo Drive in San Diego, CA. This office space is part of a trend in the local market, highlighting the ongoing demand for tech-oriented office spaces despite higher vacancy rates in suburban office areas.
Summary of transation details:
The renewal of the office lease marks the largest office lease in San Diego County for the second quarter, reaffirming the significance of Apple in the region's business landscape. This leasing agreement contributes significantly to San Diego's office market dynamics, reflecting the strong presence of major technology firms in the area.
On the Map
Office
View full map
Players
San Diego Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse San Diego office leases on Traded.
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