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| DAUM Commercial Real Estate Services recently completed the lease of a 52,800 square-foot industrial facility at 1467 Lawrence Drive in Thousand Oaks, CA |
Thousand Oaks, CA – DAUM Commercial Real Estate
Services recently completed the lease of a 52,800
square-foot industrial facility at 1467 Lawrence Drive in Thousand Oaks,
California, on behalf of the lessee, Westlake Storage Solutions.
The tenant, a self-storage and moving facility, is relocating its
operations from nearby Westlake Village. Bram White, SIOR, an
executive vice president in DAUM’s Ventura County office, represented the
lessee in the transaction.
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| Bram White |
"Self-storage in particular continues to grow in
popularity, with strong fundamentals including 95% rent collections nationally,
as well as increasing demand driven by life changes, which have been plentiful
due to the pandemic.”
White notes that DAUM was able to leverage these key drivers to position
its client as the right tenant for this space.
“DAUM is known for our strong, long-term client relationships,” says Bram.
“We represented this tenant when the company leased its Westlake Village
location eight years ago.
"By working closely with Westlake Storage and
keeping our finger on the pulse of the Ventura County industrial market, we
were able to identify this property as the ideal solution for the next phase of
lessee’s operations.”
The new lease commences on August 1, 2020. Westlake Storage Solutions was
granted early possession upon lease execution, allowing them to begin their
move-in process in July.
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| Patrick DuRoss |
James Panzetta, President of Westlake Storage Solutions says, “We
are a one-stop facility offering self-storage, packaging materials, U-Haul
vehicle rentals and U-Haul “U-Box” storage, all in a single location.”
With close proximity to highway 101, the property offers convenient access
for Westlake Storage Solution’s customers.
Patrick DuRoss, SIOR of Newmark Knight Frank represented the
lessor, PSIP Conejo Spectrum L.P. in this transaction.
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