Spinergy-Carlsbad-CA-LRG
CLIENT Spinergy LLC
LOCATION Carlsbad, CA
SERVICES Brokerage & Advisory Services
Market Research
Site Location
Financial Analysis
Lease Negotiations
PROPERTY SIZE 16,169 SF Industrial/ Flex/ Warehouse
FINANCIAL BREAKDOWN 10% Savings over 36 Months

ACCOUNT OVERVIEW

Spinergy LLC, asked McKinney Advisory Group to perform a market and property analysis near their current site before negotiating a renewal. McKinney Advisory Group went to work and successfully completed the lease negotiations and renewal of their current space. The team was able to significantly reduce their overhead cost while also upgrading amenities such as break areas, restrooms, R&D facilities and offices at no cost to the tenant.

 

CHALLENGE PRESENTED

Spinergy was under a short deadline to respond to their existing landlord on whether they were going to relocate and take advantage of incentives from other landlords or renegotiate a renewal at their current site. The current site fit their space requirements but the client was paying an over market rate and the amenities were outdated.

 

SOLUTIONS

McKinney Advisory Group completed extensive research by vetting several possible relocation opportunities that the advisors personally toured. McKinney advisors prepared multiple lease proposals for Spinergy’s top selected properties. Through educating the client on options and creating leverage through competition with the landlord, McKinney was able to significantly reduce Spinergy’s rate and overhead costs at their current location. In addition to money saved on monthly rent, McKinney negotiated upgrades throughout the entire facility that will benefit the client.