According to principals John Ochoa and Grant Harris of the Lee & Associates Ventura office who represented Deckers, the new space will provide room for the company's continuing growth and will also allow the shoe company to further automate its distribution system. Publicly held Deckers, which manufactures all of its shoes overseas, markets its products under the UGG Australia, Teva and Simple brand names.
Terms of the lease were not disclosed. Market reports on industrial space in Ventura County list the average asking lease rates for warehouse and distribution space in the county at about 75 cents per sf per month, with a base of roughly 60 million sf of industrial space in the county and a vacancy rate of less than 4%.
The other two other Ventura County properties that Deckers operates are a 300,000-sf facility at 3001 Mission Oaks Blvd. in Camarillo and a 125,000-sf distribution center at 4880 Colt St. in Ventura. In addition to the new space at 3175 Mission Oaks, Ochoa and Harris renegotiated an existing Deckers lease at 3001 Mission Oaks Blvd. for an additional three years.
Formerly owned by Technicolor, the 3175 Mission Oak property was purchased by Los Angeles-based Sandstone Properties this year after Technicolor downsized its operations. Sam Wagner and Douglas Hansford of TOLD Partners represented the building owner.
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