Industrial Space with Great Major tenant, I need advice

[Javier Tejera]

So I came accross a deal for a Single tenant industrial warehouse space for a major package distributor. AA+ Credit and very well Global recognized name. Their original lease was for 10 yrs, and it expires in 3 years. The price is very good, with a great cap rate, but how can I negotiate a resign of the lease before I buy it? If the tenant decides not to re-lease, I'm left with a large 30-50 GLA empty! 

Those of you that have done industrial, any suggestions? 

Thanks

[Ronald Rohde]

I would have the Seller sign a new lease with Tenant. You can be active and demonstrate you'll be a great landlord based on your history/experience, etc. But If the Tenant doesnt need to renew, there's little leverage depending on your particular market.