Big 5 Electronics

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Electronics Industry

Project Description

Big 5 Electronics

Situation

Big 5 Electronics was an existing Bailes & Associates, Inc. client. Their lease was not due to expire for eight months, but with a change in the industrial market rents, Bailes & Associates, Inc. felt it would be in the client’s best interests to request an early renewal at a lower base rent or move to a location with a more competitive rate. 

The Solution

Bailes & Associates, Inc. went to the client and suggested that we review his current industrial space needs.  After our analysis, we gave a proposal for early renewal to the landlord, who accepted the proposal.

Client Results

Bailes & Associates, Inc. lowered Big 5 Electronics’ base rent, got three months of free rent and some minor tenant improvements.  The savings to our client was approximately $30,000.

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