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333 H Street

JLL Leases San Diego Workforce Partnership Office In Chula Vista Transaction
LEASEDOffice

JLL Leases San Diego Workforce Partnership Office In Chula Vista Transaction

333 H Street

Building Size

12,963 SF

Asset Type

Office

Closing

Jun 12, 2024

AI

The property at 333 H Street in Chula Vista is an office space consisting of 12,963 square feet. This space will be leased by San Diego Workforce Partnership for their new South County Career Center starting in 2025. The lease was facilitated by JLL's Damon Melda and Cushman & Wakefield, who represented the landlord, Scripps Health.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Provided
  • Address: 333 H Street
  • Market: Chula Vista
  • Tenant: San Diego Workforce Partnership
  • Landlord: Scripps Health
  • Landlord's Rep: Bill Cavanagh & Joe Zurek - Cushman & Wakefield
  • Tenant's Rep: Damon Melda - JLL

JLL's successful negotiation of the lease for San Diego Workforce Partnership at 333 H Street sheds light on the strategic relocations occurring in a slow leasing market. The collaborative efforts between the tenant's representative Damon Melda and landlord's representatives Bill Cavanagh & Joe Zurek showcase the importance of well-connected real estate professionals in securing advantageous deals for their clients.

Players

Bill Cavanagh

Cushman & Wakefield

Broker

1 deal

Broker

Chula Vista 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