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16750 Via Del Campo Court

Drawbridge Realty Renews Long-Term Lease With Northrop Grumman For Office Campus In San Diego
LEASEDOffice

Drawbridge Realty Renews Long-Term Lease With Northrop Grumman For Office Campus In San Diego

16750 Via Del Campo Court

Building Size

168,072 SF

Asset Type

Office

Closing

Feb 5, 2026

AI

The property involved in this transaction is located at 16710-16750 Via Del Campo Court in San Diego's Rancho Bernardo submarket. It is an office/R&D campus with a total area of 168,072 square feet, situated on 11.82 acres. The lease involves a long-term agreement renewing the tenant's occupancy of the premises.

Summary of transaction details:

In this deal, Drawbridge Realty secured Northrop Grumman Systems as a major corporate tenant, reinforcing its strategy of establishing long-term leases with credit tenants in Southern California. The presence of multiple representatives from CBRE and JLL highlights the collaboration involved in facilitating this lease renewal.

Players

Shawn Lorentzen

JLL

Broker

3 deals

Broker

Charlie McEachron

Landlord

$77.9M

vol

3 deals

Landlord
Kathy Warden

Kathy Warden

Northrop Grumman

Tenant

2 deals

Tenant

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