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June 15, 2024
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Snyder-Diamond Corporation Leases 76k sf Simi Valley Facility


Snyder-Diamond Corporation, a distributor of kitchen appliances and bathroom fixtures, inked a 10-year, $13.9 mil lease for a 76k sf ($1.52/sf/mo) industrial building in Simi Valley. The property, located at 2390 Ward Ave, includes 6.6k sf of dedicated office space along with a fenced-in rear yard.

Scott Caswell, SIOR, and Erica Balin with Lee & Associates LA North/Ventura represented the landlord, Rexford Industrial Realty Inc. Snyder-Diamond Corporation was repped by Ron Feder of Peak Commercial.

“The same dynamics that are driving the market for Snyder-Diamond products are fueling unprecedented demand for the market’s limited supply of industrial space. This property’s location allows for expanded distribution capabilities that support their long-term growth in the Southern California region,” said Caswell.

This lease also fills a significant portion of the vacant square footage as the market awaits the delivery of new inventory currently under construction. The Simi Valley/Moorpark submarket ended the first quarter with 162.1k sf of vacant industrial space and a 1.2% vacancy rate.

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