Nikkiso-San-Diego-CA-LRG
CLIENT Nikkiso America, Inc.
LOCATION San Diego, California
SERVICES Brokerage
Market Research
Lease Negotiations
Advisory Services
Asset Management
PROPERTY SIZE 7,916 SF of Class “A” Office and Flex Space
FINANCIAL BREAKDOWN 18% Savings

ACCOUNT OVERVIEW

Nikkiso, a Japanese company, has corporate offices in the United States and relies on McKinney Advisory Group for their Western United States real estate requirements. Starting with a lease in 2009 and with follow-up advisory services since then, McKinney Advisory Group has saved Nikkiso unnecessary overhead and secured proper asset management in their San Diego corporate location.

 

CHALLENGE PRESENTED

McKinney Advisory Group proactively approached Nikkiso San Diego staff prior to the end of their lease. McKinney Advisory Group wanted to renegotiate a new lease rate given the economic changes in the market.

Nikkiso was interested in lowering their monthly overhead, a McKinney Advisory Group specialty. The team went to work searching not market and off-market options, educating Nikkiso on every option, and the forecasted market conditions. As an international company, Nikkiso’s San Diego team needed to present their options to the Japanese headquarters. McKinney worked tirelessly to ensure Nikkiso was prepared with all information and market data in a professional, board ready, format.

As advisors McKinney Advisory Group works to educate the client and collaborate with their concerns while understanding their needs and daily operations. Only with a full understanding of their operations in San Diego, including all possible options, could McKinney Advisory Group make recommendations.

 

SOLUTIONS

McKinney Advisory Group educates clients on the market and creates as much leverage as possible for their clients. Working with Nikkiso and their ideal location the team was able to create leverage for Nikkiso with the existing landlord by fully understanding the market options and comparable rates. McKinney educated Nikkiso by touring them through all reasonable comparisons given their needs.

McKinney went beyond site tours and helped Nikkiso with possible overhead reduction strategies and understanding all options as well as their leverage with existing landlord.

After many negotiations with the Landlord’s representative McKinney Advisory Group was able to reduce Nikkiso’s monthly overhead by 18% with a new lease.