Updated Feb 13, 2026
Kilroy Realty Sells Three-Building Office Campus In San Diego For $124.5 Million
13520 Evening Creek Drive North
$124,500,000
$290/SF
Building Size
428,000 SF
Asset Type
Office
Closing
Feb 10, 2026
About this deal
AI
The sale involved a three-building office campus located at 13480, 13500 & 13520 Evening Creek Drive in the San Diego market. The total transaction price was $124,500,000 for an asset spanning 428,000 square feet, resulting in a price per square foot of $291. The property sits on an 11.93-acre site, highlighting its scale and potential for future development.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $124,500,000
- Square Footage: 428,000
- Price Per Square Foot: $291
- Address: 13480, 13500 & 13520 Evening Creek Drive
- Market: San Diego
- Seller: Angela Aman - Kilroy Realty
- Broker: JLL
The closed transaction in January 2026 was part of Kilroy Realty's strategic capital recycling plan under CEO Angela Aman, which involves divesting suburban office properties to focus on life science and urban office investments. The buyer's identity remains undisclosed.
On the Map
$124,500,000
$290/SF
Office
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San Diego Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93