Tenant-to-Owner Transition Secures Long-Term Stability and Cost Savings in Poway
Overview
- 12147 Kirkham Rd, Poway, CA 92064
- Industrial Building
- ±15,500 SF
- Buyer Representation
- Owner-User
“I began working with Spencer to develop a real estate strategy for my company, Remodel Works. Through his guidance, I was able to achieve my goal in 4 short months. I would recommend Spencer to anyone looking for comprehensive commercial real estate services.”
For more information regarding this case study,
please contact:
Spencer Dok
Vice President
The Challenge
Our client was occupying roughly 75% of the building under a lease and faced an approaching decision on whether to renew or or purchase a building. Given rising rents and the capital costs associated with moving a specialized operation, our client was open to exploring a purchase but needed a strategic and cost-effective path to ownership without interrupting operations.
Our Approach
We engaged the tenant to evaluate purchase options within the Poway market, ultimately identifying their current facility as the most advantageous opportunity. We structured a plan to acquire the property directly from the landlord, ensuring continuity of operations and eliminating relocation costs. Our team coordinated financing prequalification, advised on valuation, and led negotiations to secure favorable purchase terms while maintaining clear communication between all parties throughout the transaction.
The Outcome
We successfully represented the buyer in the purchase of 12147 Kirkham Rd, transitioning them from tenant to owner with no operational disruption. The acquisition delivered stability and cost control, while sparing costly relocation expenses. This purchase allowed the business to continue operating seamlessly in a facility already optimized for their use - transforming a leased location into a long-term asset.