When a larger brokerage company would not follow up with the client after numerous phone calls we were contacted via referral from a prior client. We set up a meeting and provided excellent service until the final lease was executed.
The client (Chino Basin Desalter Authority) met in our office and gave us a brief description of their parameters (i.e. Size, Location, Price, Site Amenities) and we were able to show them a comprehensive list of all available properties within minutes. We began touring sites and narrowing it down to the ones they wanted to make offers on. We submitted an offer on the most desirable building and after two rounds of negotiations were able to lock in the best price and terms that satisfied the client as well as his board of directors. We negotiated items such as below market rental rate, tenant improvements and rental abatement. As an added service we attended the clients board of directors hearing to make sure if their were any questions we would be available.
Who is the Chino Basin Desalter Authority:
The Chino Basin Desalter Authority (CDA) was formed as a Joint Powers Authority in February 2002 to manage the production, treatment, and distribution of highly treated potable water to cities and water agencies throughout its service area. CDA is composed of the following eight member agencies: Inland Empire Utilities Agency (IEUA), Jurupa Community Services District (JCSD), City of Chino, City of Chino Hills, City of Ontario, City of Norco, Santa Ana River Water Company (SARWC), and Western Municipal Water District (WMWD).
The CDA facilities include two desalters, supply wells for each desalter, two reservoirs, raw water pipelines, potable water pipelines, potable water pumping facilities, and pipelines for brine disposal. Fifteen supply wells feed the Chino I Desalter and eight supply wells feed the Chino II Desalter. As of June 30, 2007, the total value of the CDA net plant was $131.3 million.
For more information about this transaction contact Tony M. Guglielmo, CCIM at 909-786-4300 or [email protected]