The Challenged Athletes Foundation (CAF) has purchased a 14,485
square foot office building in Sorrento Mesa, California, for $1.66
million. The two-story Class B office building, which was acquired
below market value at a public auction on the San Diego courthouse
steps, will serve as a permanent home for the foundation, replacing
headquarters that were destroyed by an accidental fire in 2007. CAF
purchased the building with proceeds from the 2006, 2007, and 2008
Qualcomm Million Dollar Challenge events, CAF’s annual cycling
fundraisers. Qualcomm Executive Vice President and Chief Marketing
Officer Jeff Jacobs and his wife Deni also made what CAF calls a
“generous donation” toward the building’s purchase, and the couple
will choose the name for the building. In addition to serving as
CAF headquarters, the building will house a “Challenged Athletes
Hall of Fame,” a multi-purpose room, donor recognition walls, and a
specialized athletic facility with adaptive equipment.
