FOR SALE. ±38,295 SF Office/Flex Space. c o r p o r at e c e n t e r & 9323 Chesapeake Drive San Diego, Ca 92111

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Rolf Erik Powers
5 years ago
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FOR SALE c o r p o r at e c e n t e r ±38,295 SF

Managing Director 858.875.3616 bbohlken@ngkf.

1 FOR SALE c o r p o r at e c e n t e r ±38,295 SF Office/Flex Space 9303 & 9323 Chesapeake Drive San Diego, Ca PAUL BRITVAR Associate Director pbritvar@ngkf.com CA RE License # BRENT BOHLKEN Senior Managing Director bbohlken@ngkf.com CA RE License # JUSTIN MAIOLO Associate justin.maiolo@ngkf.com CA RE License #

PROPERTY DESCRIPTION 9303 & 9323 Chesapeake Drive represents a two building user or investment opportunity,where the buyer has ample flexibility to occupy up to 28,000 SF in the premises and realize

Alternatively this opportunity lends itself to a re-positioning opportunity to stabilize the existing vacancy and realize solid cash flow.

Kearny Mesa Corporate Center s image compares favorably to alternative flex options in the Kearny Mesa submarket.

2 PROPERTY DESCRIPTION 9303 & 9323 Chesapeake Drive represents a two building user or investment opportunity,where the buyer has ample flexibility to occupy up to 28,000 SF in the premises and realize income from multiple tenants who currently occupy the building. Alternatively this opportunity lends itself to a re-positioning opportunity to stabilize the existing vacancy and realize solid cash flow. These buildings are part of the Kearny Mesa Corporate Center, a professional business park stretching from Chesapeake Drive to Hazard Way, designed to accommodate R&D, Flex and Office type uses. Kearny Mesa Corporate Center s image compares favorably to alternative flex options in the Kearny Mesa submarket. The property also offers creative signage opportunities that allow tenants to have their own business identity. The project can accommodate a wide variety of tenant sizes with spaces that consist of office improvements as well as manufacturing areas that allows both office and warehouse use. The Chesapeake buildings are functionally designed with multiple entrances, patios on the upper floor and staircases conveniently spaced throughout the plan to allow occupants easy access to the reception and warehousing areas. The buildings feature extensive window line spanning from the ground to parapet, attractive red brick facades, outdoor eating areas for employees and on site food amenities. Sale Price: $6,850,000 ($179.00/SF) SITE DESCRIPTION 9303/9323 Chesapeake Drive Parcel Number (APN) Site Area Zoning Access Location 1.45 Acres (63,162 SF) IL-2-1 (Industrial Light) 2 points of vehicular access located along both Chesapeake Drive and Hazard Way. Central County, Amenity Rich 4655 Executive Drive, Suite 800, La Jolla, CA T Corporate CA RE License #

PROPERTY DESCRIPTION 9303 Chesapeake Drive is a two-story, ±18,151 SF office/flex building. The first floor is ±10,891 SF of flex space while the second floor is ± 7,260 SF of office space.

Unit A is occupied through July,2020 and Unit C1 is occupied on a year-to-year basis.

This building is ideal for the owner user looking to occupy ±13,000 SF immediately and have the ability to expand into the additional space in five years.

It currently has three tenants occupying ±5,047 SF on long-term leases.

3 PROPERTY DESCRIPTION 9303 Chesapeake Drive is a two-story, ±18,151 SF office/flex building. The first floor is ±10,891 SF of flex space while the second floor is ± 7,260 SF of office space. With four distinct entrances and four grade-level loading positions, this building can accommodate up to four tenants. This building currently has two tenant. Unit A is occupied through July,2020 and Unit C1 is occupied on a year-to-year basis. The ± 12,658 SF available space is ±6,785 SF of ground floor with three rollup loading doors, high bay warehouse and low bay production area. The ±5,873 SF of second-floor space is 100% office. This building is ideal for the owner user looking to occupy ±13,000 SF immediately and have the ability to expand into the additional space in five years Chesapeake Drive is a ± 20,144 SF, two-story office/flex building featuring nine separate entrances and four grade-level loading positions, accommodating up to nine tenants. It currently has three tenants occupying ±5,047 SF on long-term leases. The ±15,097 SF of available space is comprised of ±5,040 SF ground floor manufacturing/production space with two rollup doors and ± 10,057 SF of second floor office. This is ideal for the owner user looking to occupy 15,000 SF immediately, enjoy the rental income and/or have the ability to expand into additional space. Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

PROPERTY DESCRIPTION BUILDING AREAS 9303 Chesapeake Drive 9323 Chesapeake Drive Floor Rentable Area (SF) As-Leased Floor Rentable Area (SF) As-Leased 2 7,260 SF 2 10,057 SF 1 10,891 SF 1 10,057 SF

4 PROPERTY DESCRIPTION BUILDING AREAS 9303 Chesapeake Drive 9323 Chesapeake Drive Floor Rentable Area (SF) As-Leased Floor Rentable Area (SF) As-Leased 2 7,260 SF 2 10,057 SF 1 10,891 SF 1 10,057 SF Total 18,151 SF 20,144 SF Tenants or % Leased Two tenants - 33% Occupied Three tenants - 22% Occupied Year Built/Renovated 1989/ /2001 * It should be noted, the mezzanine square footage is estimated. IMPROVEMENTS DESCRIPTION 9303 Chesapeake Drive 9323 Chesapeake Drive Building RBA ± 18,151 SF ± 20,144 SF Approx. Office Building ± 80% ± 90% Clear Height ± 20 ± 20 Foundation Reinforced Concrete Reinforced Concrete Structural Framing Concrete Tilt-Up Concrete Tilt-Up Windows Aluminum-Framed Aluminum-Framed Sprinklers Yes Yes Electrical Service 1,200 Amps, 208/120 Volt, 3-Phase, 4-Wire 1,200 Amps, 208/120 Volt, 3-Phase, 4-Wire HVAC 9 Rooftop Package & Heat Pump Units (RTUs) Ranging from 2.5 to 3 Tons Lighting Fluorescent Fluorescent Ground-Level Loading Four (4) Roll-ups Four (4) Roll-ups Roof System Built-Up Cap Sheets Built-Up Cap Sheets Construction Type CTU CTU 9 Rooftop Package & Heat Pump Units (RTUs) Ranging from 2.5 to 3 Tons 4655 Executive Drive, Suite 800, La Jolla, CA T Corporate CA RE # Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

5 K E A RN Y ME SA CO R P O R AT E C E NTE R SITE PLAN c o r p o r at e c e n t e r NAP 9323 Chesapeake Drive 20,144 SF 9303 Chesapeake Drive 18,151 SF HAZARD WAY NAP 9340 Hazard Way 22,247 SF CHESAPEAKE DRIVE 9320 Hazard Way 24,301 SF SITE MAP APN: ± 1.45 Acres Executive Drive, Suite 800, La Jolla, CA T Corporate CA RE # Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

6 FLOOR PLAN 9303 Chesapeake Drive ± 18,151 SF leased Lorem ips leased leased M-T-M 1 st Floor 2 nd Floor 1 st Floor 2 nd Floor Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

7 9323 Chesapeake Drive 9323 Chesapeake Drive ± 20,144 SF FLOOR PLAN KEARNY MESA CORPORATE CENTER Chesapeake Drive & Hazard Way 9323 CHESAPEAKE DRIVE, SUITE A1 2,444 SF Break leased 1 st Floor 2 nd Floor 1 st Floor 2 nd Floor Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

LOCATION 52 C ORP O R A T E C E N T E R 15 163 PAUL

8 LOCATION 52 C ORP O R A T E C E N T E R PAUL BRITVAR Associate Director pbritvar@ngkf.com CA RE License # BRENT BOHLKEN Senior Managing Director bbohlken@ngkf.com CA RE License # JUSTIN MAIOLO Associate justin.maiolo@ngkf.com CA RE License #

9 AREA AMENITIES C ORP O R A T E C E N T E R

10 CORPORATE NEIGHBORS C ORP O R A T E C E N T E R

FOR SALE c o r p o r at e c e n t e r ±38,295 SF Office/Flex Space www.ngkf.

com CA RE License #01949354 BRENT BOHLKEN Senior Managing Director 858.875.

11 FOR SALE c o r p o r at e c e n t e r ±38,295 SF Office/Flex Space PAUL BRITVAR Associate Director pbritvar@ngkf.com CA RE License # BRENT BOHLKEN Senior Managing Director bbohlken@ngkf.com CA RE License # JUSTIN MAIOLO Associate justin.maiolo@ngkf.com CA RE License #

FOR SALE IN KEARNY MESA ± 1,861 SF INDUSTRIAL CONDO

FOR SALE IN KEARNY MESA ± 1,861 SF INDUSTRIAL CONDO 8989 Complex Drive, San Diego, CA 92126 www.ngkf.com 8989 Complex Drive, San Diego, CA 92123 FEATURES: Single Story Industrial Condo Available for Owner/User - 60-Days Built 1973 One (1) Grade-Level Loading