Gunderson Dettmer Leases 26200 SF Office Space At Gateway In San Diego With Landlords Donald Bren And Roger DeWames
3570 Carmel Mountain Road
Building Size
26,200 SF
Asset Type
Office
Closing
Mar 27, 2026
AI
The property involved in this lease transaction is an office asset located at 3570 Carmel Mountain Road in San Diego. The office space encompasses 26,200 square feet within the 198,000-square-foot Class A campus known as Gateway at Torrey Hills. The market value reflects the growing demand for office space in suburban areas, particularly suited for biotech, life sciences, and tech sectors.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 26,200 SF
- Address: 3570 Carmel Mountain Road
- Market: San Diego
- Landlord: Donald Bren & Roger DeWames - Irvine Company
- Tenant: Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
The transaction features key players in the leasing deal, with Donald Bren and Roger DeWames representing Irvine Company as the landlords, while Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP secures the lease. This expansion enables Gunderson Dettmer to enhance its presence in San Diego, aligning with the influx of demand for Class A office spaces equipped with amenities, particularly in Del Mar Heights.
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