Kilroy Sabre Springs

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 fully improved 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 is 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 opportunity to acquire a trophy, Class A office campus ideally located within San Diego’s strongest demographic location, the I-15 & SR-56 corridors.