10 Oct 2023
Case Study: 10605 Jamacha Blvd-Leasing
Property Profile
10605 Jamacha Blvd, Spring Valley, CA 91978
Challenge
This property was a unique two 50,000 square-foot building campus, with one of the buildings leased to a national chlorine distributor called HASA. The existing HASA lease had eight years remaining in a modified gross recovery structure.
Strategy
Through a broad marketing approach, the agents were able to gather interest from multiple groups for the vacant 50,000 square-foot building and use that as a point of leverage to go to HASA and renegotiate their lease to take over the entire campus on a 12-year lease and convert their lease to a single tenant NNN form.
Results
This boosted investor cash flow and also made the investment significantly more attractive for a future exit to a passive cap rate investor.
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