Item 2. Properties
Item 2. Properties
Our corporate headquarters are located in San Diego, California. We believe that our property and equipment are generally well maintained, in good operating condition and suitable for the conduct of our business.
Details of our leased facilities, which include our corporate headquarters and consist of office space and research and development laboratories, follow.
Address Type Square Feet
12780 El Camino Real, San Diego, California Office Space, Research and Development Laboratories 141,000
12790 El Camino Real, San Diego, California Office Space 88,000
10420 Wateridge Circle, San Diego, California Research and Development Laboratories 46,000
12777 High Bluff Drive, San Diego, California Office Space 45,000
12770 El Camino Real, San Diego, California Office Space 26,000
On February 8, 2022, we entered into a lease agreement for a four-building campus facility consisting of up to approximately 535,000 gross square feet, to be constructed in San Diego, California, pursuant to which we also secured a six-year option for the construction of a fifth building consisting of up to approximately 121,000 gross square feet and an option to purchase the entire campus facility, which will consist of office space and research and development laboratories, in the future. Upon completion of construction, we expect to utilize the campus facility as our new corporate headquarters and expect to begin subleasing our existing leased facilities.
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