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16620 West Bernardo Drive

Updated Sep 8, 2026

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Tim Cook Of Apple Renews 196,734 Square Feet Office Lease At 16620 West Bernardo Drive San Diego
LEASEDOffice

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:

  • Property Type: Office
  • Transaction Amount: Renewal
  • Tenant: Tim Cook
  • Company: Apple
  • Date: 07/17/2026

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.

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

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