{"id":1004174038,"date":"2017-04-25T06:15:52","date_gmt":"2017-04-25T14:15:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004174038"},"modified":"2022-12-08T11:00:33","modified_gmt":"2022-12-08T19:00:33","slug":"daum-commercial-facilitates-oc-industrial-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daum-commercial-facilitates-oc-industrial-lease\/","title":{"rendered":"Daum Commercial Facilitates OC Industrial Lease"},"content":{"rendered":"<p>By Ariela Moraru<\/p>\n<div id=\"attachment_1004174039\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/9400-Toledo-Way-Irvine-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004174039\" data-attachment-id=\"1004174039\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/daum-commercial-facilitates-oc-industrial-lease\/9400-toledo-way-irvine-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/9400-Toledo-Way-Irvine-Calif..jpg\" data-orig-size=\"973,658\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"9400 Toledo Way, Irvine, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;9400 Toledo Way, Irvine, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/9400-Toledo-Way-Irvine-Calif..jpg?w=973\" class=\"wp-image-1004174039 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/9400-Toledo-Way-Irvine-Calif..jpg\" alt=\"9400 Toledo Way, Irvine, Calif.\" width=\"300\" height=\"203\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/9400-Toledo-Way-Irvine-Calif..jpg 973w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/9400-Toledo-Way-Irvine-Calif..jpg?resize=300,203 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/9400-Toledo-Way-Irvine-Calif..jpg?resize=768,519 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004174039\" class=\"wp-caption-text\">9400 Toledo Way, Irvine, Calif.<\/p><\/div>\n<p>Daum Commercial has arranged a $4.5 million lease of\u00a0a 33,324-square-foot freestanding industrial building in Irvine, Calif. The lessee, a medical device testing company, will be doubling its footprint in Orange County by relocating from a 16,000 square-foot space in Fountain Valley in early May. The 10-year lease term closed with a five-year option. The landlord, John Meehan of Meehan Holdings LLC, represented himself in the transaction.<\/p>\n<p><em>\u201cWe began the search in North Orange County, close to the Client\u2019s existing facility. However, with 2.3 percent industrial vacancy county-wide, we knew widening the parameters was required,\u201d <\/em>said Rick Turner, the senior associate in Daum\u2019s Newport Beach office who represented the lessee.<em> \u201cBy expanding the search geographically, we were able to identify this high-image building, which is in close proximity to many of the tenant\u2019s existing and target customers, making this the perfect fit for their expansion.\u201d<\/em><\/p>\n<p>Located at 9400 Toledo Way in Irvine, Calif., off Alton Parkway and close to interstates 5 and 405, the 1984 facility features in-place climate control options and office space. The lessee plans to implement a series of improvements to the currently vacant building. The property is 3 miles away from Irvine Spectrum Center, an outdoor shopping center developed by the Irvine Co.<\/p>\n<p>Daum Commercial has also recently directed the sale of a 3.84-acre land parcel in Ventura County, where the buyer plans to develop a 52,500-square-foot distribution facility.<\/p>\n<p><em>Image courtesy of Daum Commercial<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A medical device testing company will be relocating from Fountain Valley to a 33,324 square-foot freestanding building in Irvine, Calif. <\/p>\n","protected":false},"author":960,"featured_media":1004174039,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,34267,15],"tags":[34824],"class_list":["post-1004174038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-orange-county","category-west","tag-daum-commercial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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