In June of this year I approached my client, the owner of a 24,100 SF industrial property that I have listed in La Mirada, CA about a company out of Arizona who wanted to do a short term lease on our property. Now, in today's tight market many landlord's would be reluctant to such a deal as they could loose out on a longer term lease because the property was tied up for a short time. However, in this case it made sense; the tenant was to take the building as is and it would allow us to continue to market the property while collecting a revenue stream for my client. It also made sense because even in today's tight market this particular property had some challenges to get leased and it would take more time to find the right long term tenant. My client will collect nearly $100,000 in rent while in other cases his property would have sat vacant.
Christopher J. Destino, SIOR, a Principal at Lee & Associates, is an engaging, responsive professional who enjoys working closely with his clients and helping them succeed.
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