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 92111

www.ngkf.com

JUSTIN MAIOLOAssociate858.875.3615justin.maiolo@ngkf.comCA RE License #01910958

BRENT BOHLKENSenior Managing Director858.875.3616bbohlken@ngkf.comCA RE License #01022607

PAUL BRITVARAssociate Director858.875.3609pbritvar@ngkf.comCA RE License #01949354

FOR SALE

c o r p o r at e c e n t e r

4655 Executive Drive, Suite 800, La Jolla, CA 92037 T 858.875.3600 Corporate CA RE License #01355491

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) 369-191-31

Site Area 1.45 Acres (63,162 SF)

Zoning IL-2-1 (Industrial Light)

Access 2 points of vehicular access located along both Chesapeake Drive and Hazard Way.

Location Central County, Amenity Rich

c o r p o r at e c e n t e r

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 uncon-ditionally 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

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 roll-up 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.

9323 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 roll-up 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.

c o r p o r at e c e n t e r

4655 Executive Drive, Suite 800, La Jolla, CA 92037 T 858.875.3600 Corporate CA RE #01355491

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 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

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

propertY DESCRIPTION

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 uncon-ditionally 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.

c o r p o r at e c e n t e r

4655 Executive Drive, Suite 800, La Jolla, CA 92037 T 858.875.3600 Corporate CA RE #01355491

17

9320 Hazard Way24,301 SF

NAP

9340 Hazard Way22,247 SF

NAP

9323 Chesapeake Drive20,144 SF

9303 Chesapeake Drive18,151 SF

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KEARNY MESA CORPORATE CENTER S I T E M A P

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APN: 369-191-31± 1.45 Acres

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 uncon-ditionally 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.

c o r p o r at e c e n t e r9303 Chesapeake Drive

1st Floor 2nd Floor

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FLoor pLan

9303 cheSapeake DrIve

± 18,151 SF

1St FLoor 2nD FLoor

120’

30’ 30’ 30’ 30’

75’ 101’

M-T-M

leased

leased

leased

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 uncon-ditionally 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.

c o r p o r at e c e n t e r

KEARNY MESA CORPORATE CENTER9303-9323 Chesapeake Drive & 9320-9340 Hazard Way

SEAN WILLIAMS Lic. 1475415

BILL DOLAN Lic. 01188240

RYAN SPARKS Lic. 01784736

FOR MORE INFORMATION, CONTACT:

9323 CHESAPEAKE DRIVE, SUITE A2 | 6,860 SF

SECOND FLOORKEARN

Y MESA

CO

RPORATE C

ENTER

9303-9323 Chesapeake Drive & 9320-9340 Hazard Way

9323 CH

ESAPEAKE DRIVE, SU

ITE A1 | 2,444 SF

Break

9323 Chesapeake Drive

1st Floor 2nd Floor

FLoor pLan

9323 cheSapeake DrIve

± 20,144 SF

1St FLoor 2nD FLoor

110’

98’ 84’

30’ 30’25’ 25’

leased

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 uncon-ditionally 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.

c o r p o r at e c e n t e r

JUSTIN MAIOLOAssociate858.875.3615justin.maiolo@ngkf.comCA RE License #01910958

BRENT BOHLKENSenior Managing Director858.875.3616bbohlken@ngkf.comCA RE License #01022607

PAUL BRITVARAssociate Director858.875.3609pbritvar@ngkf.comCA RE License #01949354

LocatIon

C O R P O R A T E C E N T E R

163

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c o r p o r at e c e n t e rAREA AMENITIES

C O R P O R A T E C E N T E R

c o r p o r at e c e n t e rCORPORATE NEIGHBORS

C O R P O R A T E C E N T E R

JUSTIN MAIOLOAssociate858.875.3615justin.maiolo@ngkf.comCA RE License #01910958

BRENT BOHLKENSenior Managing Director858.875.3616bbohlken@ngkf.comCA RE License #01022607

PAUL BRITVARAssociate Director858.875.3609pbritvar@ngkf.comCA RE License #01949354

c o r p o r at e c e n t e r

±38,295 SF oFFIce/FLex Space

FOR SALE

www.ngkf.com