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Avis Budget Car Rental, LLC Leases 91541 Square Feet Industrial Space At 901 Bay Marina Drive

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LEASED

California

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Industrial91,541 SF
Leased 07/17/2024
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LEASED

Avis Budget Car Rental, LLC Leases 91541 Square Feet Industrial Space At 901 Bay Marina Drive

901 Bay Marina Drive

See Similar Deals
Industrial91,541 SF
Leased 07/17/2024
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:91,541 SF
Transaction Type:Lease

Located at 901 Bay Marina Drive in National City, California, this industrial asset encompasses 91,541 square feet. The property has recently become available and is noted for its strategic location within the southern San Diego industrial market, providing enhanced accessibility and various features suitable for industrial operations.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 901 Bay Marina Drive
  • Market: National City
  • Square Footage: 91,541
  • Tenant: Avis Budget Car Rental, LLC
  • Landlord's Rep: Brant Aberg - Cushman & Wakefield
  • Tenant's Reps: Bill Dolan & Ryan Sparks - CBRE
  • Occupancy Date: August 1, 2024

Cushman & Wakefield played a significant role in facilitating this lease transaction, highlighting its suitability for off-site car rental storage and fleet maintenance operations. The involvement of representatives from CBRE underscores a collaborative effort in securing the tenant for this property.

Players

Brant Aberg
9 deals$112.2M volume
BROKER

Bill Dolan
CBRE
3 deals$39.5M volume
BROKER

Ryan Sparks
CBRE
2 deals$13.7M volume(858) 546-2606
BROKER

Details

LEASED
IMAGE: 07/17/2024 ADDRESS: 901 Bay Marina Drive MARKET: National City ASSET TYPE: Industrial ~ SF: 91,541 TENANT: Avis Budget Car Rental, LLC LANDLORD'S REP: Brant Aberg - Cushman & Wakefield TENANT'S REP: Bill Dolan & Ryan Sparks - CBRE NOTE: Cushman & Wakefield has facilitated the lease of a 91,541-square-foot industrial building in National City, California, to Avis Budget Car Rental, LLC, with occupancy set for August 1. Brant Aberg, representing the landlord, highlighted the property’s recent availability and its appeal in southern San Diego’s industrial market, emphasizing its location, features, and accessibility. The transaction underscores the property's suitability as a dedicated facility for off-site car rental storage and fleet maintenance operations.

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Deal Type
Effective Rent (Annual)

$5,247,074.88

Total Lease Value

$52,470,748.80

Net Landlord Cash Flow$5,247,074.88