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June 24, 2024
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Thousand Oaks Lease by Karting Operator Speeds Up Industrial Activity in the Conejo Valley


K1 Speed, the world’s largest electric indoor karting operator, inked a 10-year, $7.5 mil lease for a 50k sf ($1.25/sf/mo) industrial building in Thousand Oaks. The one-story structure is located at 770 Lawrence, north of the 101 Fwy and west of Rancho Conejo Blvd.

Built in 1984, the building is located close to numerous retail amenities with easy access to the 101 Fwy and the neighboring communities of Thousand Oaks, Calabasas, Agoura Hills and Camarillo. The building, which just underwent a major rehab, includes a 2.2-acre site, ample parking, and ceiling heights of over 20’.

Mike Tingus and Grant Fulkerson, SIOR, of Lee & Associates- LA North/Ventura represented the landlord, BM Properties. Rocky Moran, also with Lee, repped K1 Speed, an industry leader in electric kart racing, serving the general public and offering corporate events.

Founded in 2003 by David Danglard and Susan Danglard, K1 Speed first opened up in San Diego, California. Today, they operate 46 locations around the United States, Canada, Mexico South Korea, Puerto Rico, Italy, China and France.

“Given there are no other indoor racing venues currently operating nearby, this is an ideal place for K1 Speed as they continue their aggressive expansion plans throughout California and beyond. This building was an ideal fit in every way and had the ideal form and function K1 Speed was looking for,” said Moran.

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