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Jones Lang LaSalle has been retained as the Exclusive Agent for Seller to extend qualified principals the opportunity to acquire a fee simple interest in 5717 Pacific Center (the “Property”). Located at 5717 Pacific Center Boulevard in San Diego, California, the Property contains approximately 67,832 square feet.
The Property is strategically located in the heart of the Sorrento Mesa submarket of North Cities San Diego, one of the most sought-after real estate submarkets in Southern California due to its central location, expansive Life Sciences market, highly diverse corporate headquarters and emerging tech companies. Completed in 2001, with $7.2 million capital invested since 2018, 5717 Pacific Center is comprised of a two-story office building with production lab and shipping/receiving areas. 5717 Pacific Center is positioned as an outstanding covered Life Sciences opportunity with stable near term income and mid-term Life Sciences conversion potential.
The Property is presently 100% leased to two tenants and features infrastructure that lends itself particularly well for a Life Sciences conversion upon lease roll, such as large 34,000 SF floor plates, 16' ceiling heights, an efficient rectangular layout and sturdy steel-frame construction.
- Life Sciences Conversion Potential
- Supply Constrained Market
- Exceptional Stabilized Opportunity
- Excellent Market Fundamentals
- Ample Liquidity Supporting Life Sciences Companies
- A High Growth Innovation Hub
- Strengthening Tenant Financials