Esports Arena

Santa Ana, California

Esports Arena Opens Arena and Creative Office Space HQ in Santa Ana

Project

Arena / Creative Office Space Lease

Industry

Esports

Size

24,000 SF

Location

Santa Ana, California

Challenge
Challenge

Esports Arena needed to open up an arena and creative office space in the heart of Orange County and its target demographic, but was faced with the credit challenges of a start-up, and scarcity of real estate options because of their specific land zoning and other real estate needs.

Solution
Solution

After understanding Esports Arena’s business model and strategy, we developed a basic real estate strategy for canvassing real estate owners and identifying suitable sites. No suitable arena and creative office space properties were listed for lease but after several weeks of searching and canvassing, we found an off-market opportunity in Downtown Santa Ana, which could accommodate all their immediate and long term needs, and conformed to their unique zoning requirements. We were also able to negotiate very flexible terms with a “friendly” landlord that committed to a fair market value lease without any above-standard security deposit.

Results
Results

Esports Arena secured a high profile retail and creative office space building with extensive storefront and signage options, a large ground floor arena, a basement for storage and upper floors for administrative office space. VoitWorks project managed the build out and coordinated with SCE and Cox Communications to install fiber and additional power to the building. Esports Arena has since hired VoitWorks to lead it’s national expansion, with new locations already open in Las Vegas and Oakland.

“Stefan has been an indispensable asset for our company. His detailed expert approach to our challenging commercial real estate needs ensured our leasing success. We cannot recommend Stefan any higher.”

Negotiated Concessions Include:

  • $1.27 PSF/Mo. average rental rate

  • Turn-Key Tenant improvement allowance

  • Below Fair Market value rental terms

  • Multiple expansion rights

  • Building top signage

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