Description

JLL has been retained as the exclusive advisor to extend qualified investors the opportunity to acquire a 100% interest in 6650 Nancy Ridge Drive (the "Property"), is an excellent asset in San Diego’s premier innovation corridor, Sorrento Mesa.

Minutes from major executive housing and STEM talent centers including Rancho Santa Fe, Carmel Valley, La Jolla, and Del Mar, 6650 Nancy Ridge is well-positioned to attract top talent while providing convenient access to major San Diego thoroughfares, including Interstate 805 and Interstate 5, SR 52, and SR 56.

The site features extensive infrastructure and amenities, including 12 private offices, cold storage, double-door loading areas, showers and restrooms, a conference room, and a substation lab/R&D buildout designed to accommodate a wide variety of uses and tenants.

Unencumbered by existing leases, 6650 Nancy Ridge represents a rare standalone opportunity in one of San Diego’s premier innovation hubs. Its existing buildout, efficient scale, and proximity to key talent centers provide flexibility for a wide range of life sciences, R&D, technology users, and investment strategies.

Property is being offered at a fee simple basis, unpriced

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Attributes

Building area gross

2,248 m²

Land area gross

0.57 ha

Year built

1998

Year renovated

2021

Media

Investment Highlights

Right-sized Opportunity Positioned for Strong Demand

The property is strategically positioned to capture the market’s deepest tenant demand pool, with 63% of active flex and life science users currently seeking spaces between 10,000–30,000 SF.
Of the 20 single-tenant lab buildings in the 20,000–40,000 SF range, only two are currently available, including 6650 Nancy Ridge, underscoring the continued demand for well-sized laboratory facilities in the market.

Existing Facility & Future Upside

The facility combines robust infrastructure with operational flexibility, featuring two double-door loading areas, 12 private offices, a conference room, 3 cold storages, 1,200-amp 277/480V three-phase power, and comprehensive HVAC system. With substantial infrastructure already in place, the property enables users to reduce occupancy timelines and capital costs while customizing the space to support a wide range of laboratory, R&D, and technical operations.
Current accelerated depreciation opportunities allows buyers to immediately write off qualifying components, creating substantial tax advantages and enhancing overall investment returns.

Owner - User Opportunity

Strategically located at the epicenter of San Diego’s core life science cluster, the property offers users the opportunity to build upon the existing infrastructure and tailor the space to their exact specifications at a significant discount to replacement cost. The asset is ideally suited for emerging biotech companies, robotics firms, research organizations, or established companies seeking flexibility and optionality.
Owner-users can take involvement of favorable tax treatments providing significant savings versus leasing.

Endless Optionality for an Investor

The property offers a well-balanced mix of lab and office space, providing investors the opportunity to reposition the asset for R&D or flex use at a significant discount to replacement cost. With San Diego’s office development pipeline at a 15-year low, limited new supply positions the property to capture growing tenant demand driven by AI innovation, expanding tech activity, and increasing venture capital investment across emerging technologies and life sciences without facing new competitive pressure.