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4727 Executive Drive

JLL Leases 15,869 Square Feet At La Jolla Commons III In San Diego's UTC Submarket
LEASEDOffice

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

JLL
JLLBrokerage

Christian Ulbrich

JLL

Tenant

6 deals

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