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JLL Leases 15,869 Square Feet At La Jolla Commons III In San Diego's UTC Submarket
LEASED
California
See Similar DealsOffice15,869 SF
Leased 06/24/2025
LEASED
JLL Leases 15,869 Square Feet At La Jolla Commons III In San Diego's UTC Submarket
4727 Executive Drive
See Similar DealsOffice15,869 SF
Leased 06/24/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:15,869 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$909,601.50
Total Lease Value
$9,096,015.04
Net Landlord Cash Flow$909,601.50
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