facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Lease

/

845 15th Street

Nakamura Terada Architects Signs Long-Term Lease At 845 15th Street In San Diego
LEASEDOffice

Nakamura Terada Architects Signs Long-Term Lease At 845 15th Street In San Diego

845 15th Street

Building Size

10,201 SF

Asset Type

Office

Closing

Jan 22, 2024

AI

San Diego's Roseling Nakamura Terada Architects (RNT) has signed a long-term lease for 10,201 square feet in Block D, a Net Zero Energy and LEED Platinum-certified office building located at 845 15th Street in Downtown San Diego's Makers Quarter. The building, owned by L2HP, LLC and represented by Derek Hulse and Morgan Reno from Cushman & Wakefield, is known for its sustainable features and creative atmosphere. RNT has chosen this unique space as their new headquarters.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 845 15th Street
  • Market: San Diego
  • Size: 10,201 square feet
  • Landlord: Sumeet Parekh - L2HP, LLC
  • Tenant: Nakamura Terada Architects, Inc
  • Landlord's Rep: Derek Hulse & Morgan Reno - Cushman & Wakefield
  • Tenant's Rep: Star Hughes-Gorup - Hughes Marino
  • Lease Term: Long-term

The lease agreement allows RNT to establish their headquarters in the Block D building, which is known for its sustainable features as a Net Zero Energy and LEED Platinum-certified office. The decision to relocate to this creative hub aligns with RNT's vision for an innovative workspace.

Players

Derek Hulse

Cushman & Wakefield

Broker

2 deals

Broker

Sumeet Parekh

HP Investors

Landlord

$80M

vol

5 deals

Landlord

San Diego 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93