Off-Road Racing Tire Manufacturer Secures New 104,667 Square-Foot Headquarters in Santa Fe Springs
TL;DR
DAUM Commercial secured a competitive lease rate for a 104,667 square-foot industrial facility, providing the tire company with Class A space below market prices from two years ago.
DAUM Commercial negotiated a 94-month, $18.79 million lease for a 104,667 square-foot industrial building with Class A features including 32' clearance height and EV charging stations.
The new sustainable facility with improved air quality and EV charging supports the company's expansion, creating local economic growth and better working conditions.
The industrial building features nine EV charging stalls, an air exchange system that lowers temperatures, and immediate access to major freeways near the Ports of LA.
DAUM Commercial Real Estate Services has secured a 94-month, $18.79 million lease for a 104,667 square-foot industrial building in Santa Fe Springs, California on behalf of a leading manufacturer and distributor of off-road racing tires and wheels. The facility, part of the recently developed Rexford Pioneer Logistics Center, will serve as the company's new headquarters location according to Chuck Brill, Executive Vice President, Principal, and South Bay Branch Manager at DAUM Commercial.
The tenant's expansion phase necessitated a larger, high-quality headquarters to facilitate growing operations. The company will occupy this new Class A distribution facility in Los Angeles County, maintaining proximity to existing operations and positioning the firm among key partners and client bases. Through evaluating multiple competing properties and submitting several offers, DAUM negotiated and secured a competitive lease rate for this new construction property.
Current market conditions present unique opportunities for businesses willing to make real estate moves now. Companies can lock in Class A product at prices significantly below levels from two to three years ago, though substantial absorption in recent months for quality Class A space has caused rates to steadily increase from where they were just six months ago. This timing represents a strategic advantage for companies executing expansion plans during this window of favorable pricing.
The broker-friendly team at Rexford, headed by Danielle Bray, Vice President, Leasing, facilitated smooth deal progression. The leasing, marketing, and construction/development team demonstrated exceptional capability, bringing the deal to fruition quickly with their can-do attitude. Even after lease execution, their attention to detail has kept tenant improvements ahead of schedule, ensuring timely occupancy for the growing tire manufacturer.
The property's strategic location offers immediate access to the I-605 and I-5 freeways and sits less than 20 miles from the Ports of Los Angeles and Long Beach. This transportation advantage, combined with state-of-the-art features, will significantly benefit the tenant's business operations long-term. Sustainable features include an air exchange system that lowers indoor temperatures and improves air quality, high-volume low-speed fans, water-efficient landscaping and irrigation systems, thermoplastic polyolefin reflective roof, all-concrete truck court, and nine EV charging stalls.
The building specifications include Class A two-story office space, 32-foot warehouse clearance height, ESFR sprinklers, 1,800-amp electrical capacity expandable to 3,000-amp, 11 dock-high positions, two ground-level positions, a large fenced yard, and a 139-foot truck court. These features provide the infrastructure necessary for efficient distribution operations and future growth capacity. The property is located at 10000 Pioneer Boulevard in Santa Fe Springs, California, positioning the off-road racing tire company for continued market leadership and operational excellence. More information about DAUM Commercial Real Estate Services is available at https://www.daumcommercial.com.
Curated from Citybiz