Edifices Set to be Available for Firms
By Amanda Janis/Business Writer
Small business owners soon will have additional opportunities to rent and lease space neighboring some of the city's fastest growing enterprises, including Genentech, Kaiser and Alza.
Two complexes shortly will dot Cotting Lane and Aldrige Road with new industrial condos, offering local businesses space in a rapidly developing area of northeast Vacaville, located adjacent to the Interstate 505 and I-80 interchange.
Walls are due to be tilted up this week on the Aldridge business condos, being developed by MLM Properties.
Comprising four units, the 11,000-square-foot building will house small commercial contractors, according to one of the developing partners, Bob Morales.
"They're all local businesses," he confirmed. Only one 2,600-square-foot space is left for lease.
The industrial condos to be built on Cotting Lane, however, are for sale by Premier Commercial Real Estate.
Justin English, Premier Commercial agent, explained that the project is alluring for many business owners for the same reasons that buying a home may be more attractive as opposed to renting one.
"It's an opportunity to turn business cash flow into equity and real estate," he remarked. "With interest rates being low it makes sense because they can get in and pay the same amount on a lease that they would be paying on a mortgage."
Three buildings - which are still in the planning stage - will contain nine individual office and warehouse spaces totaling nearly 40,000 square feet.
Premier has already sold two condos to the project's developer, Cal Inc., and has two additional sales pending.
Amanda Janis can be reached at email@example.com.
Friday, February 10, 2006
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