Client Profile
16500
2001 Broadway, Oakland CA 94612
Tenant:
16500
Landlord:
SRM Associates
Location:
2001 Broadway, Oakland
Size:
11,052 s.f.
Lease Term:
10 years
Challenges:
New location was larger and 33% lower in monthly payments. Landlord fully built out space including furniture, wiring, and phones.
16500, www.16500.com, is a locally owned professional lighting company. 16500 was looking to upgrade space and save money. 16500 hired Aegis Realty Partners to investigate purchase and leasing opportunities. Aegis was able to negotiate a ten year deal in the historic I.Magnin building. The landlord fully built out the space which included furniture, wiring, and phones. The conclusion was an upgrade in space while lowering their monthly rent payment by over 33%.
