CASE STUDY / DEAL REVIEW
Oxford Agents: Chase McAteer
We assisted a client with finding the perfect location to open a new Baytown office. The space will be a brand new build out from shell condition and the landlord will contribute significantly to the construction costs. Our client also has the flexibility to amortize up to $80,000 of construction costs over a 48 month repayment at 0% interest. The location will be a fantastic spot for our client to continue their impressive growth strategy.
|Property Type:||Class B Retail|
|Transaction Type:||New Location|
|Free Rent:||(7) Months fully abated|
|Tenant Improvements:||$54 psf allowance ($216k)|
||$20 psf allowance may be amortized at 0% ($80,000) and repaid over (48) months|
|Negotiated Discount (%):||17%|
|Other deal points worth mentioning:||2% annual rent escalations, access to outdoor area for playground at no charge|
|Right of First Refusal:||Yes|
Other Rights worth mentioning:
Franchisor collateral assignment of lease
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