FitN-SD-CA-LRG
CLIENT FitN, Inc.
LOCATION San Diego, CA
SERVICES Brokerage & Advisory Services
Market Research
Site Selection
Financial Analysis
Lease Negotiations
PROPERTY SIZE 2,734 SF Retail
FINANCIAL BREAKDOWN Leased at 17% Cost Savings over 24 Months

ACCOUNT OVERVIEW

FitN, Inc. is a new San Diego based company that relies on McKinney for its growing real estate needs. FitN asked the McKinney team to locate spaces within North County’s Beach Cities that have both heavy foot traffic and room for expansion.

 

CHALLENGE PRESENTED

Time was of the essence and due to the nature of the company, it was crucial for FitN to be located in a highly desirable area with heavy traffic flow. Location and size were of utmost importance when deciding on a space to retain an active client base. Furthermore, FitN needed a space with an open floor plan that did not have any competing companies within a 1-mile radius. Lastly, as a start-up company, FitN needed to follow a strict budget, leaving it up to the McKinney team to negotiate a price at or below market value to minimize FitN’s moving and incurring costs.

 

SOLUTIONS

The McKinney team performed extensive research of the local retail and office market within the desired location, North County’s Beach Cities. McKinney guided the client through the process of a lease transaction. The McKinney team toured every available space and presented five options to the Client. McKinney submitted non-binding Letters of Intent to the client’s top selected properties. McKinney was able to negotiate a short lease term for the client which is in line with their growth expectations. McKinney saved FitN 17% cost savings over 24 months.