Motorcycle Parts Maker Signs Big Lease in Cerritos

Motorcycle Parts Maker Signs Big Lease in Cerritos
Performance Machine is leasing new headquarters in Cerritos.

Motorcycle parts manufacturer Performance Machine has signed a 75-month, 53,552-square-foot industrial lease in Cerritos.

The space will serve as the company’s headquarters and will also be used for manufacturing and distribution.

Performance Machine makes motorcycle wheels, parts, brake systems and accessories.

“The new facility will help us respond to the tremendous demand for our products and our desire to improve our manufacturing operations,” Performance Machine President Chris Lindstrom said in a statement. “We’re excited about moving our whole team to the new location.”

The property has a two-story office area, truck wells, five grade-level loading doors, high clearance heights, ample parking and fenced yards.

The site, at 16121 Carmenita Road, is owned by Brentwood-based Rexford Industrial Realty Inc.

Avison Young’s Blake Olson and Jonathan Larsen represented the tenant. Colliers International Group Inc.’s Clyde Stauff represented Rexford in the lease.

“Performance Machine is relocating from its current nearby La Palma location with move-in anticipated to occur by year end,” Olson said in a statement.

“The company liked the space as it provides a central location for its employees, was recently renovated by the institutional ownership and provides the ideal layout to further enhance its operational efficiencies,” he added.

Industrial has been one of the most high-demand real estate types during the Covid-19 pandemic, especially as more people turn to ecommerce.

“While many sectors of commercial real estate still are still taking stock, the industrial and logistics sector has hardly broken step,” CBRE Group Inc.’s Spencer Levy said in a statement. “Ecommerce growth has accelerated in the past six months to account for 20% of total U.S. retail sales, up from 16%. That foreshadows a need for hundreds of millions of square feet — if not billions — of warehouse and distribution space in the coming years.”

The industrial category has seen 41 straight quarters of positive net absorption, and vacancy in the sector is close to an all-time low, according to CBRE data.

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