Updated Dec 11, 2024
IDEAYA Biosciences Leases 44,000 Sq. Ft. Office Space At 5000 Shoreline Ct In South San Francisco
5000 Shoreline Ct South San Francisco, CA 94080, USA
Building Size
44,000 SF
Asset Type
Office
Closing
Jun 6, 2023
About this deal
AI
IDEAYA Biosciences, a clinical-stage precision medicine oncology company, has signed a long-term lease for 44,000 square feet at DivcoWest's 5000 Shoreline Ct in South San Francisco's life science cluster. The Class A building will provide IDEAYA with specialized lab space, and the move-in is scheduled for mid-2024.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5000 Shoreline Court
- Market: South San Francisco
The landlord for this lease is DivcoWest, a real estate investment firm. The tenant, IDEAYA Biosciences, was represented by Grant Dettmer and Scott Miller of JLL, a real estate services company. DivcoWest was represented by Chris Jacobs and Matt Jacobs of CBRE, a commercial real estate services and investment firm.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
337510.64%
Cash-on-Cash
-96461.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93