Felix Valdez #A5 | Industrial Lease

Dual-Tenant Lease Executed at Felix Valdez Business Park | Suite A5 | Tenant Rep by Kyle Fried

Kyle Fried of Seaway Commercial Real Estate Advisors successfully negotiated a dual-tenant lease for Suite A5 at Felix Valdez Business Park in Temecula, representing two first-time commercial tenants—Oili and Mitchell Next. The ±3,300 SF light industrial suite will serve as a fleet vehicle storage and operations hub, strategically positioned for regional access and company growth.

This was a non-traditional lease structure: two separate businesses sharing space under one jointly negotiated lease agreement. Kyle facilitated the legal and insurance framework to satisfy landlord requirements while protecting both tenant entities. The lease included one month of free rent on a three-year term, helping the tenants allocate capital toward startup operations.

Deal Summary

• Address: Felix Valdez Business Park, Suite A5, Temecula, CA

• Tenants: Oili & Mitchell Next (first-time tenants)

• Landlord: Private

• Size: ±3,300 SF

• Asset Type: Light Industrial

• Use: Fleet vehicle storage, logistics operations

• Lease Term: 3 years

• Concession: 1 month free rent

• Broker Representation: Kyle Fried, Tenant Rep

• Close Date: Q3 2025

Advisory Highlights

• Created and negotiated a joint lease for two independent business entities

• Worked through insurance and liability compliance with the landlord

• Educated first-time commercial tenants on lease structure, budget planning, and expectations

• Secured free rent to ease ramp-up costs

• Delivered the deal from site tour to lease execution with no delays

Outcome

Oili and Mitchell Next now have their first commercial address, positioning them to expand operations with legitimacy and efficiency. The space at Felix Valdez Business Park offered the ideal layout, location, and ownership flexibility for their needs.

FAQs

Q1: Why was this lease unique?
It involved two unrelated startup businesses sharing one lease, requiring legal coordination and insurance strategy.

Q2: What was the lease structure?
A 3-year term with 1 month free rent, structured as a Modified Gross lease.

Q3: What was the intended use of the property?
Fleet vehicle storage, dispatch, and light administrative operations.