JLL Leases 15,869 Square Feet At La Jolla Commons III In San Diego's UTC Submarket
4727 Executive Drive
Building Size
15,869 SF
Asset Type
Office
Closing
Jun 24, 2025
AI
The asset involved in this transaction is an office property located at 4727 Executive Drive in San Diego's UTC submarket. The space measures 15,869 square feet and is part of La Jolla Commons III, with JLL as the tenant. The company plans to relocate and will occupy the building's entire 11th floor starting January 2026.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Tenant: Christian Ulbrich & Tim Olson
- Agency: JLL
- Lease Area: 15,869 square feet
- Address: 4727 Executive Drive
- Market: San Diego
- Relocation Strategy: Flight-to-quality
This transaction highlights the in-house management capabilities of JLL, as all aspects of the relocation are being handled internally, aligning with their operational strategies.
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