Real Tech

Toyota Racing Development

Client Objective

The existing Toyota Racing Development (“TRD”) lease with above-market rates was due to expire – TRD had two options: remain at the existing facility or relocate to another Toyota-owned facility on the east coast. TRD also desired a short renewal term with maximum flexibility, including future renewal options and an option to purchase.

Engine Building Facility31,424 SFCosta Mesa, CA

Engine Building Facility
31,424 SF
Costa Mesa, CA

Transaction Highlights

  • Lowered the monthly rental rate by 43%
  • Achieved optimal flexibility through a short extension term of 18 months with three 1-year renewal options, providing multiple exit points for a relocation
  • Reinstated an option to purchase from the original lease with an extended 24-month window

Complete Real Estate Solutions
Exclusively for Tenants