Office

Merrill Lynch Building - 7825 Fay Avenue

7825 Fay Ave La Jolla, California United States 92037-4252
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1984
Building Area Gross
Occupancy 87.0 %

Asset Description

Jones Lang LaSalle, Inc. is pleased to present to qualified investors for the first time in over 15 years the opportunity to acquire the leasehold interest in the Merrill Lynch Building (the “Property”), one of only five Class A office buildings in the Village of La Jolla. 


Totaling 100,798 SF with a ground lease extending through December 2098, the Property boasts a diverse mix of both small to large and regional to national credit, highlighting the dynamic nature of the La Jolla community. Tenancy has remained constant within the Property with over 30% of the GLA in place for over 10 years, maintaining 94% average occupancy over the past 15 years.


The Merrill Lynch Building is only a quarter mile from the pristine beaches of La Jolla, adjacent to the area’s finest retail amenities and restaurants in the Village of La Jolla, and proximate to San Diego’s most affluent neighborhoods, offering tenants premier live/work office space within an infill coastal market.


Investment Highlights

  • Iconic asset in premier coastal market
  • World-class surrounding amenities
  • Superior demographics
  • Competitive to surrounding submarkets
  • Highly coveted and supply constrained market
  • Tenant friendly low-rise office build
  • Outperforming asset
Last Updated Date: 08 Nov 2021

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Last Updated Date: 08 Nov 2021

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