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3570 Carmel Mountain Road

Roger DeWames And Donald Bren Landlords Lease 15,700 Square Feet To BDO USA In San Diego
LEASEDOffice

Roger DeWames And Donald Bren Landlords Lease 15,700 Square Feet To BDO USA In San Diego

3570 Carmel Mountain Road

Building Size

15,700 SF

Asset Type

Office

Closing

Mar 26, 2026

AI

BDO USA has signed a lease for office space comprising 15,700 square feet located at 3570 Carmel Mountain Road in the San Diego market. The property is part of Irvine Company's extensive portfolio, which is nearly 90% occupied, reflecting strong performance amid national office vacancy trends.

Summary of transaction details:

This lease agreement underscores the ongoing demand for high-quality workspace environments, particularly in amenity-rich Class A suburban offices like those in Del Mar Heights. The transaction involved notable figures in real estate and professional services, contributing to the continued interest in premium office spaces in the region.

Players

Donald Bren

Irvine Company

Landlord

$942.6M

vol

28 deals

Landlord
Wayne Berson

Wayne Berson

BDO USA

Tenant

1 deal

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