Updated Aug 24, 2026
Donald Bren's Irvine Company Leases 65,600 Square Feet To Scott Hart's StepStone Group In La Jolla
4225 Executive Square
Building Size
65,600 SF
Asset Type
Office
Closing
Aug 21, 2026
About this deal
AI
The property involved in this transaction is an office asset located at 4225 Executive Square in La Jolla, CA. It encompasses a total square footage of 65,600. The lease is between the landlord, Irvine Company, and the tenant, StepStone Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 4225 Executive Square
- Market: La Jolla, CA
- Landlord: Donald Bren - Irvine Company
- Tenant: Scott Hart - StepStone Group
This transaction reflects a significant commitment from StepStone Group, consolidating its long-term presence in a pivotal area known for financial and knowledge-based industries. The deal highlights the strategic alignment between the parties involved in the leasing agreement.
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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