Kilroy Sabre Springs_Property for Sale
Kilroy Sabre Springs_Property for Sale

Kilroy Sabre Springs

San Diego, CA, US, Americas

Description

Kilroy Sabre Springs, an elite suburban office campus located in the heart of San Diego’s innovation ecosystem, is one of the region’s most compelling trophy investment opportunities. Scale, quality, and anchored by a diverse group of high growth tenants, Kilroy Sabre Springs ranks in the upper echelon of workplace destinations in Southern California.


Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer the unique opportunity to acquire the fee simple interest in Kilroy Sabre Springs (the “Project”), a 427,405 square foot, best-in-class office campus located at the doorstep of San Diego’s highest concentration of STEM worker residences and the best school district in the county.


Situated on approximately 11.93 acres, Kilroy Sabre Springs stands out for its institutional quality and unmatched access at the intersection of SR-56 and I-15. The campus is anchored by a vibrant central plaza with expansive landscaped spaces, and includes a vacant restaurant space, providing buyers the opportunity to further activate the campus.


The Project consists of three, top tier office buildings occupied by an exciting roster of internationally recognized and investment-grade companies, such as: Northwestern Mutual (S&P: AA+), Zoox (S&P: AA), Macquarie (S&P: A+), Raymond James (S&P: A-), Wells Fargo (S&P: BBB+), KeyBank (S&P: BBB+), Sunflower Bank (KBRA: BBB+), Lennar Homes (S&P: BBB), Avnet (S&P: BBB), Balfour Beatty (S&P: BBB-), and many others.


Kilroy Sabre Springs has stood the test of time as a top workplace destination in San Diego, maintaining an average 89% occupancy since 2011—an exceptional record highlighted by the rapid backfill of ~300,000 square feet after Bridgepoint’s 2018 departure and ~145,000 square feet following General Atomics in 2021.


Currently 86% leased, of which 36% is investment grade, with a WALT (weighted average lease-term) of 3.6 years, Kilroy Sabre Springs draws companies seeking to attract and retain employees with the Project’s contemporary construction and highly amenitized facilities.


Investors are presented with a unique, and closing, window to acquire a standard setting workplace environment at the intersection of San Diego’s strongest demographic location, Kilroy Sabre Springs.

...

Attributes

Building class
A
Building area gross
39,707 sm
Occupancy
86%
Land area gross
4.83 ha
WAULT
3.6 years
Kilroy Sabre Springs (3 Properties)
Kilroy Sabre Springs (3 Properties)

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Investment highlights

  1. Exceptional rent roll anchored by 36% investment grade tenancy
  2. One-of-one opportunity to acquire a trophy office campus of scale Southern California’s most supply-constrained markets
  3. $59m+ ($138 PSF) in capital invested by ownership since 2008
  4. Best of the best locational access directly off San Diego’s main thoroughfares of the I-15 and SR-56 freeways
  5. Main benefactor of flight to quality and tenant displacement with 1.2m SF of tenant migration to I-15 corridor since 2019
  6. Minutes away from 60+ retail and dining options plus four major parks
  7. Fully-integrated, amenity-rich campus
Kilroy Sabre Springs 4_Property for Sale
Kilroy Sabre Springs 4_Property for Sale

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Last updated
Aug 7, 2025