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Insulation Company Renews Warehouse Lease

HAYWARD, CA-Res-Com Insulation sees its rent jump by nearly 50% despite the economic downturn, but a move would have cost them even more, says a broker involved in the deal.

By Michelle Savage | Updated on August 31, 2001

HAYWARD, CA- Res-Com Insulation has signed on for another three years in WW Investments’ 25,000-sf warehouse building at 3474 Investment Blvd. The insulation contractor will rent 14,000 sf in the 25-year-old building, which is 2,000 sf more than its original lease.

The company’s original lease was signed in 1998 for about 38 cents per sf, monthly, triple net. The new lease was negotiated at 62 cents per sf, monthly, triple net.

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