1320 Air Wing Rd

1320 Air Wing Rd Otay mesa lease sale
Client
  • Client 1320 Air Wing Rd
Space
  • 55,000 sq. ft.
Industry
  • Industrial
Locations
  • San Diego
Services Provided
  • Transaction Management
Cresa Team
  • Justin Walseth

Client Objectives

Continuity of Manufacturing Operation and Energy Savings during property sale

Results

Cresa was formally engaged in the renewal process 12 months prior to lease expiration. With a tight market and a potential lengthy phased relocation process, Cresa helped the client build a relocation proforma. Though capital markets relationships, Cresa was able to learn an eminent building sale was to occur.

 

Under the circumstance, Cresa advised the client a quick deal could accomplish significantly lower than market economics and incentives. Cresa executed the strategy by securing 6 months of free rent, and an offset to a planned solar array project. Cresa led the RFP process to procure a solar provider, secured a 10-yr PPA, which investment yielded a payback period of less than 2 years.

Have a problem with no real solution?

Contact Us