facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Lease

/

5000 Shoreline Ct South San...

IDEAYA Biosciences Leases 44,000 Sq. Ft. Office Space At 5000 Shoreline Ct In South San Francisco
LEASEDOffice

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

$47

$47/SF

Building Size

44,000 SF

Asset Type

Office

Closing

Jun 6, 2023

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.

Players

Chris Jacobs

CBRE

Broker

1 deal

Broker
DivcoWest
DivcoWestLender
DivcoWest
DivcoWestLandlord

Los Angeles Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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