SOLD

Horizon Tech Center

10301, 10325 & 10343 Meanley Dr., San Diego, CA 92131

Property Overview

Horizon Tech Center consists of three newly constructed two-story Class B, LEED Gold-certified office buildings. LEED is a third-party certification program and the nationally accepted benchmark for the design, construction and operation of high-performance green buildings. The improvements total 157,884 rentable square feet and are situated on an 11.35-acre site in the Scripps Ranch submarket of north San Diego County.

The property is located at the cul-de-sac terminus of Meanley Drive just east of Scripps Ranch Road and one-half mile east of Interstate 15. Horizon Tech Center was constructed with high-quality materials and workmanship, and state-of-the-art security and building systems are evident throughout.

The tenant reports that the LEED-related improvements generate significant cost savings. The 10-foot finished ceilings, the interior design, the latest technology Low-E exterior glass and precise heating, ventilating and air conditioning (HVAC) zoning reportedly amount to a 15 percent savings in operating costs relative to their previous location(s).

Investment at a Glance

Location: San Diego, CA

Property Type: Office

Acquisition Date: June 17, 2010

Purchase Price: $40,500,000

No. of Buildings: 3

No. of Stories: 2

Square Footage: 157,884 SF

Leased Percentage (at the time of Acquisition): 100%

$40,500,000 Total Purchase Price
157,889 square feet Total Rentable Area
Class B Building Class