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
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