Light industrial warehouse lease completed by the Lee Chang Group as tenant representatives for Toolots, Inc. The warehouse, located at 16300 Shoemaker, provides the tenant with 115,520 square feet of workable space. The lease was valued at $4.3 million and lasts for 64 months.
Located in the Gateway Cities, this light industrial warehouse was a perfect fit for the new tenants. Located near the Port of Long Beach, Interstate 5, and many different shipping companies, Toolots, Inc. was pleased to secure this prime location with the help of the Lee Chang Group.
When providing commercial tenant representation services, the professionals at the Lee Chang Group works closely with the potential tenants to discover what their needs are in a building, what their future growth prospects are for their business, and what their desired budget is for the property that they seek. In addition to these crucial points, the Lee Chang Group will ask questions about transportation needs for the company, the amount of employees that will need places to park, and if there is a need for the building to be able to accommodate visiting clients.
This lease was an exceptional transaction for Toolots, Inc. Commercial real estate options in Los Angeles County are very hard to obtain and is always in high demand. Recent data has shown that available commercial properties within the greater Los Angeles County area remain at one percent or less. Access to the ports, airports, major highways and railroad system makes this area very desirable for any type of commercial business.
The Lee Chang Group used its extensive networking skills to find this property for their client and helped Toolots, Inc. negotiate a lease term that was within their business budget and allowed the company room to grow over the next several years during the terms of the lease. This beneficial deal was another victory for the Lee Chang Group for their clients who did not believe that they would be able to secure a property of this size in this area for an affordable price.
Light Industrial Warehouse Lease
- Tenant/Buyer: Toolots, Inc.
- Landlord/Seller: Laskey-Weil Co, LLC
- Property Type: Light Industrial
- Region: Mid Cities
- County: Los Angeles County
- City: Cerritos, CA
- Property Size: 115,520 square foot
- Clear Ceiling Height: 22 ft
- Parking Spaces: 125
- Dock-High Doors/Loading: 20
- Drive In / Grade-Level Doors: 1
- Closest Freeways/Highways Exposure: Golden State Freeway (I-5)
- Closest Ports: Port of Long Beach
- Value: $4,305,140.34
- Terms: 64 month lease
- NAI Capital, Lee Chang Group Agents: Richard Lee, Nicholas Chang
- Property Address: 16300 Shoemaker Avenue