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:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: long-term
- Landlord: Charlie McEachron - Drawbridge Realty
- Tenant: Kathy Warden - Northrop Grumman
- Landlord's Rep: Tom Martinez, Chris Pascale, Evan Knudson & Cole Martinez - CBRE
- Tenant's Rep: Shawn Lorentzen & Randall Wood - JLL
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
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