Tuesday, April 25, 2017

Daum Commercial Helps Medical Device Testing Company Double Its Orange County, CA Footprint with Irvine Industrial Lease

Rick Turner
 IRVINE, CA – DAUM Commercial has directed the 10-year lease of a 33,324 square-foot freestanding industrial building in Irvine, California. 

Rick Turner, a Senior Associate in DAUM’s Newport Beach office, represented the lessee, a medical device testing company that is relocating from a 16,000 square-foot space in Fountain Valley – doubling its footprint in Orange County.

 “We began the search in North Orange County, close to the Client’s existing facility. However, with 2.3 percent industrial vacancy county-wide, we knew widening the parameters was required,” says Turner. 

“By expanding the search geographically, we were able to identify this high-image building, which is in close proximity to many of the tenant’s existing and target customers, making this the perfect fit for their expansion.”

Turner notes that the facility features many of the specific items the tenant was seeking, including in-place climate control options and existing office space to accommodate the precise demands of the medical device testing industry.

“Our Client plans to implement a series of improvements that will transform the space into a state-of-the-art testing facility,” says Turner.  “Further, the 10-year lease term closed with a five-year option, giving the landlord a strong, dependable tenant for many years to come.”

Turner explains that these lease terms are rare in the current Orange County market, where availability and pricing continues to drive prospective tenants north or inland.

“This lease speaks to the high quality of our Client’s company, and to our firm’s ability to identify solutions even in a tightening market,” says Turner.

The building is currently vacant and is located at 9400 Toledo Way in Irvine, California, off Alton Parkway and in close proximity to the I-5 Freeway.  The new $4.5 million lease begins on May 1, 2017.  

The landlord, John Meehan of Meehan Holdings, LLC, represented himself in the transaction.

DAUM Commercial is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients throughout the U.S.

DAUM has ten offices throughout Southern California and Arizona. More information is available at

For a complete copy of the company’s news release, please contact:

Miki Conant
Account Executive
Brower, Miller & Cole
895 Dove Street, Third Floor
Newport Beach, CA 92660
p: (949) 955-7940 / c: (832) 260-4414

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