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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 the entire portfolio, subportfolios, or individual assets of the Discovery Collection (“Discovery” or the “Portfolio”). Heavily concentrated in San Diego’s fastest growing life sciences submarkets, Sorrento Mesa and Valley, the Portfolio of nine projects spans 13 buildings and totals 652K SF with a collective weighted average lease term of 3.9 years. Through the offering, investors are afforded the unique opportunity to participate in the largest pure life sciences portfolio to ever hit the market in San Diego.
With surging tenant demand and record setting investment in the sector, The Discovery Collection is positioned to capture the unprecedented momentum behind San Diego’s life sciences sector. At 99% leased, the Portfolio offers stable in-place income and substantial upside potential given below market rents across the nine projects. From short-term value add to longer term stabilized leases, the Portfolio’s diverse investment profile is a rare opportunity to acquire critical mass in the nation’s 3rd largest life sciences market.
The Portfolio includes:
- 3030 Bunker Hill Street
- 6828 Nancy Ridge Drive
- 5870 & 5880 Pacific Center Boulevard
- 11404 & 11408 Sorrento Valley Road
- 11388 Sorrento Valley Road
- 4215 Sorrento Valley Boulevard
- 9535 Waples Street
- 6114, 6118 & 6154 Nancy Ridge Drive
- 6122, 6124, 6126 Nancy Ridge Drive
- Opportunity to shift San Diego's life sciences ownership landscape
- Path to value creation with mark-to-market upside
- San Diego's fastest growing innovation hubs
- Specialized lab portfolio composition
- Ample liquidity supporting life sciences companies
- Strong life sciences market fundamentals