Author Archives: Joel Hutak

Be Prepared for “You Better Jump On This One”

I have heard business owners say, “I’ve moved my business before, It won’t cost that much or take that much time to sell, I know what I am doing.”

The industrial real estate brokerage community at large has been saying, quarter after quarter after quarter, that the “market is tight.” “It’s one percent vacancy.” “Rents are going up,” etc,. Although this is true, the noise has been the same for so long now that it seems to have turned into white noise. It has taken tenants and buyers losing out on one or more building opportunities to realize that we’re being honest when we say, “You Better Jump On This One.”

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Why are sale-leasebacks trending?

As the local industrial real estate market continues to march along in what feels like zero percent vacancy, it’s actually 1.5% to 3.0% depending on which report you read and to what size range that report is geared, we are beginning to see a trend among owner-occupied buildings. Something we haven’t seen since mid-2000s, can anyone guess?
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Lee & Associates Orange Completes Lease for 211,200 SF Industrial Building in Fullerton

Fullerton, CA

September 8, 2016 – The Orange office of Lee & Associates, has completed a lease for a 211,200 SF portion of a larger 441,020 SF industrial space, located at 601 S. Acacia Avenue in Fullerton, Calif. In need of a short-term seasonal location for processing and assembly, Phillip DeRousse successfully negotiated a lease on behalf of the tenant, Premier Packaging/Assembly, a Division of Haringa, Inc., with a value of approximately $458,304.
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A Slight Change in Sentiment?

First off, thank you very much for reading the Mid- Counties Industrial Quarterly Newsletter. We have been working very hard to deliver real time Local Industrial Real Estate market information and insight based on our 100+ hour per week schedule.

As we reflect on 2015 and the momentum and market share we’ve gained, we want to thank the 30 Owner, Tenants, Buyers and Sellers that we had the privilege of providing our real time real estate knowledge and honest service to in 2015. Without your trust and friendship we would not have been able to complete over $35 million dollars in sales and leasing consideration in ’15 alone. Continue reading

El Nino is Coming: Tips to Protect your Building from Damage

From the Mid-Counties Market Newsletter, Q3 2015. Download the full newsletter (PDF).

EL NINO IS COMING! EL NINO IS COMING! OR SO THE WEATHER EXPERTS SAY.

We’re local industrial real estate experts, not weather experts, so we’re going to leave the El Nino predictions to folks that know more than us. With that being said, it appears we’re headed for a stronger El Nino season than the 1997-1998 El Nino, which brought over 47” inches of rain to Los Angeles region. To put that in perspective, Los Angeles received just over 6’ inches of rain in the ’14-’15 seasons. Continue reading

Beyond the Cones of Local Expansion Projects

From the Mid-Counties Market Newsletter, Q3 2015. Download the full newsletter (PDF).

The Mid-Counties Industrial Quarterly Newsletter has sounded like a broken record for the past 4 quarters: “Limited Inventory For Sale”, “Price increasing with every deal”, Class A properties are being leased quickly and functionally obsolete buildings are sitting a bit longer! Sound Familiar?! Continue reading

36 Month Lease Completed with Representation on Both Sides by Lee Orange Agents

Santa Fe Springs, CA

Joel Hutak and Phillip DeRousse of the Lee & Associates – Orange office represented the landlord, American Polymers Corp., while Tom Gilmer and Brad Gilmer, also of the Lee Orange office, represented the tenant, King Van & Storage, during the lease negotiations.

The 39,383 square foot multi-tenant industrial unit is part of a larger building, has 8 Dock High Doors, 1 Ground Level Loading Door, 400 Amps, 26’ Clearance and has sufficient trailer stalls for storage in the rear yard. The property is located at 13827 Carmenita Road in Santa Fe Springs, which is a great mid-counties location, and has close access to the 5 Freeway.
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