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Spectrum CRE locks in three transactions for industrial, retail, office space

Spectrum CRE locks in three transactions for industrial, retail, office space.

Spectrum Commercial Real Estate Inc. announced Wednesday its completion of three transactions for office, industrial and retail space in Santa Clarita, totaling at nearly $5 million.

Yair Haimoff, commercial real estate advisor and Spectrum CRE founder, and his team represented the buyers in the transactions and the seller in one of the business deals, according to a news release by Spectrum CRE.

Retail

For $1.2 million, investor and developer HIG LLC purchased a property currently occupied by Sandcastles Childcare Center from seller Bethlehem Lutheran Church.

The property is comprised of a 3,120-square-foot, freestanding commercial building located within a nearly 30,000-square-foot commercial zoned parcel at 27303 Luther Drive.

The property was purchased as an investment hold and future development, the release read.

Office

Spectrum CRE represented HWF Investment Group LLC, in the purchase of a Class A building of about 5,000 square feet for $1.5 million.

The property is located within the Centre Pointe Business Park on 26531-26535 Summit Circle. HWF Investment Group intends to use the space for its corporate headquarters, Spectrum CRE said in the release.

Industrial

Aerospace manufacturer NaKi LLC closed in on a purchase for a more than 10,000-square foot, free-standing industrial building in Valencia for $2.2 million.

Spectrum CRE officials said the buyer plans to relocate from Santa Fe Springs and occupy the property, which is situated on a business park at 24930 Avenue Tibbitts.

“This was a challenging purchase as there is (an) extremely limited supply of this product and buyer had to compete with three other offers,” the release read.

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You need an office space. What’s right for you?

You need an office. What’s right for you?

Here are key things to keep in mind when hunting for that perfect place to call work!

Location, Location, Location

Finding the right space requires you to keep a keen eye on the details. The wrong location can slowly choke the drive out of your business, by making it inaccessible to the clients desperately needed to keep money flowing.  With that in mind, knowing where your team is situated will help you choose a centralized location that will be easily accessible to them. The perfect location is a balance of accessibility, convenience, and space to grow.

Be Realistic

Understanding the amount space necessary for your business is critical to avoid wasting precious resources. If your company is a startup, keep in mind that you will need extra space as your company grows, but taking on too much space will leave you paying unnecessary rent for un-used sections of your office. While it is always prudent to plan for expansions, taking on too much too quickly can leave you and your bank accounts… reeling for help.

The Right Budget

Unless you are a math enthusiast, budgets are not fun to make, but they are critical for success. They lay down a solid foundation, by building a clear and concise path layered with obtainable goals. The right budget will account for extra expenses, and keep your finances grounded. But building the right budget, for the right building, requires a deep understanding of your company’s potential.

The Right Broker

In one word “Experience”. The right broker will have years of experience navigating the geography of your business’ needs. They will take the time to help you invest in your future, by faithfully representing your goals, and making sure that your needs are their top priority.