Goodkin & Lynch, LLP

TF 800-628-2898

PH 310-853-5730

Commercial leases in Corona may offer promising opportunities

A metals company tenant is in the process of relocating to Corona from the Orange County area, both of which are not far from Los Angeles. Its new location appears to be a desirable one among companies that use industrial and commercial leases. The metals business, called Sunshine Metals, Inc., has entered an eight-year lease at the property, which spans more than 68,000 square feet.

The property offers more than 10,000 square feet of office space that is recognized as being high in quality. In addition, the property has six loading doors that are dock high, along with 2,000 power amps. Furthermore, the metals company will be able to take advantage of the property's high pile storage system, a 1,000-square-foot mezzanine and a showroom.

The space is located on a lot that spans more than 157,000 square feet. The lease's total value is about $4 million. Sunshine Metals decided to move to the Corona property because it was recently renovated, so it has upgraded amenities. In addition, the site offers convenient access to various parts of Southern California as well as the Long Beach and Los Angeles ports. At the same time, the prices here are between 20 percent and 30 percent lower than those in the Orange County area.

Signing commercial leases can be exciting for companies that have found the seemingly perfect properties for operating their businesses. However, failure to understand a lease before signing on the dotted line may cause unforeseen monetary problems down the road. An attorney in Los Angeles can help a business owner to review a lease as well as negotiate it to ensure that the lease's terms are favorable for him or her long term.

Source: inlandempire.us, "Sunshine Metals, Inc., Relocating to Corona", Jan. 10, 2018

No Comments

Leave a comment
Comment Information
ABA | American Bar Association | Defending Liberty Pursuing Justice ASCDC | Association of southern california defense counsel LACABA | Los Angeles County Bar Association | Organised 1878 | Incorporated In California 1953 PABA | Philippine American Bar Association Super Lawyers(R)