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107,006-SF Deal Positions Landlord Nicely

SAN DIEGO-An online motorcycle parts story takes a three-year lease at 7625 Panasonic Way with an option to expand to five years, in this week’s wrap-up of deals.

By Natalie Dolce | Updated on July 02, 2010

San Diego

The Saywitz Co. recently completed a three-year, 107,006-square-foot lease (with an option to expand to five years) on behalf of Bikebandit.com—an online motorcycle parts store. The lease is valued in excess of $3 million dollars and was secured for the company’s corporate headquarters located at 7625 Panasonic Way in the Otay Mesa submarket in San Diego. Jeff Saywitz, senior vice president of the Saywitz Co., represented the tenant, Bikebandit.com and Mickey Morera of Cushman & Wakefield Inc. represented the landlord, the Auerbach Family Trust. “The size of this deal makes it unique due to the fact that little real estate activity is currently taking place in the Otay Mesa,” says Saywitz. “There are very few corporate headquarter leases being secured in this submarket right now, and that coupled with the high vacancy rate there, allowed BikeBandit to secure a very favorable deal that also positions the landlord nicely and guarantee’s them income for the coming years.” 

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