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Trade School Relocates with Moving Allowance and Free Rent

CASE STUDY / DEAL REVIEW

Oxford Agents: Ryan Hartsell

Summary:
We were able to help a trade school move out of an office building early with deferred maintenance and management issues. We found a vacancy previously occupied by a competitor granted us additional leverage with the landlord and limited up-front construction. We negotiated 10 months of free rent, turn-key construction and an $85,000 moving allowance!

Property Type: Class C Office
Tenant Industry: Trade School
Size: 12,900 sq ft
Submarket: Katy Fwy
Renewal/Relocation/Purchase/Sale/New Location:
Relocation
Free Rent: 10 months
Tenant Improvements: $7.50
Additional Credits/Reimbursements:
$85,000 moving allowance
Negotiated Discount (%) 37%
Parking: Free
Renewal Option Yes
Sublease Rights: Yes

Ryan Hartsell

(281) 923-5660
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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New Franchise Secures Premiere Location w/ Turn-Key Construction

CASE STUDY / DEAL REVIEW

Oxford Agents:  Chase McAteer

Summary:
We helped our client open a new franchise location for a growing ABA therapy concept in the Tomball area. After an extensive search we located a great location and were able to negotiate a complete turnkey build-out of the space. The location will be a great long-term spot for their growing business.

Property Type: Flex / Office Warehouse
Tenant Industry: Autism Therapy
Size: 5,000 SF
Submarket: Tomball – Northwest Far
Renewal/Relocation/Purchase/Sale/New Location:
New Location
Free Rent: 2 months gross rent
Tenant Improvements: Turnkey, estimated $95.00psf ($475,000)
Parking: 3/1,000sf
Renewal Option Yes
Sublease Rights: Yes

Other Rights worth mentioning:

Franchisor rights of Assignment, Landlord waived right of relocation

Services or Solutions worth mentioning:

Reduced annual rent escalations to 4 for entire lease term, at 2% or less

Chase McAteer

(904) 874-5822
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Tenant Negotiates Lower Base Rental w/ Greater Concessions

CASE STUDY / DEAL REVIEW

Oxford Agents:  Perry Mazzone & Vincent Vega

Summary:
We are pleased to announce that we were able to help a client who needed to renew their lease or relocate within a short time frame. We were able to quickly summarize what could be obtained in the surrounding market versus renewing at the current location, which resulted in an increase in abated rent, higher tenant improvement allowance, and a lower base rental rate.

Property Type: Class B Office
Tenant Industry: Oil & Gas
Size: 1,500 SF
Submarket: Pasadena/Gulf Fwy
Renewal/Relocation/Purchase/Sale/New Location:
Renewal
Free Rent: 5 months
Tenant Improvements: Turnkey
Negotiated Discount: 15%
Parking: Decreased reserved parking spot from $50 per month to $25 per month for the first two years of the lease
Sublease Rights: Yes

Perry Mazzone

(713) 401-8896
[email protected]

Vincent Vega

(713) 575-2471
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Medical Office Tenant Expands Premises w/ Rental Assistance

CASE STUDY / DEAL REVIEW

Oxford Agents:    Ryan Hartsell

Summary:
We are pleased to announce that we were able to help a client who needed to expand their medical practice but had 4 years remaining on the lease. We were able to leverage our relationships and transaction volume in the market which resulted in them securing a market rate expansion with 7 months of free rent and turn-key construction on their expansion premises.

Property Type: Class B Office
Tenant Industry: Medical
Size: 3,320 SF
Submarket: Clear Lake
Renewal/Relocation/Purchase/Sale/New Location:
Early Renewal Expansion
Free Rent: 7 months
Tenant Improvements: $16 psf turn-key
Negotiated Discount: 17%
Parking: Free Reserved and Unreserved
Termination Option:
Yes
Renewal Option Yes
Sublease Rights: Yes

Ryan Hartsell

(281) 923-5660
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Engineering Firm Uses Leverage to Improve Landlord’s Initial Offer by 30%

CASE STUDY / DEAL REVIEW

Oxford Agents:    Ryan Hartsell

Summary:
We were able to help a client who needed to renovate their office layout while also considering a relocation. We negotiated an aggressive deal with an alternative landlord, which resulted in a lease renewal that was 30% lower than the landlord’s initial offer. In addition to rental discounts, we were able to negotiate 1 year of free rent, a convertible tenant improvement allowance and 6 months of prior rent forgiveness.

Property Type: Class A Office
Tenant Industry: Engineering
Size: 13,256 SF
Submarket: West Belt
Renewal/Relocation/Purchase/Sale/New Location:
Renewal
Free Rent: 12 Months Free
Tenant Improvements: $20 psf
Negotiated Discount: 30%
Parking: Free
Sublease Rights: Yes

Additional Credits/Reimbursements:

$10 psf of unused TI may be converted to free rent ($132,560 rent savings) and took back 3,500 sq ft 6 months early ($35,000 rent savings)

Other Rights worth mentioning:

Landlord installed a brand new HVAC system for the tenant at the sole cost of the landlord

Ryan Hartsell

(281) 923-5660
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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New Title Company Learning the Leasing Process

CASE STUDY / DEAL REVIEW

Oxford Agents:    Matt Rogers

Summary:
We are pleased to announce that we were able to help a client relocate to a law firm client to a new office lease. We were able to find a great fit for them to enjoy long-term.

Property Type: Office
Renewal/Relocation/Purchase/Sale/New Location:
New Location
Tenant Industry: Title Company
Size: 3,800 sq ft
Submarket: Midtown
Free Rent: 2 Months
Negotiated Discount: $2 psf or 9%
Parking: Additional visitor parking for free
Renewal Option: Yes
Right of First Refusal:
Yes
Sublease Rights: Yes

Other Rights worth mentioning:

Negotiated a right of first refusal for any other vacant space in the building as well as the right to relocate at any time as needed for growth.

Services or Solutions:

Specialized search to find unique properties

Matt Rogers

(713) 858-3764
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Warehouse Tenant Remeasures Space & Secures Short-term Lease w/ Discounts

CASE STUDY / DEAL REVIEW

Oxford Agents:      Taylor Scheps

Summary:
We are pleased to announce that we were able to help a client relocate to a new industrial lease. We were able to find a great fit for them to enjoy long-term.

Property Type: Class B Industrial
Tenant Industry: Pipe, Valve, & Fittings
Size: 21,000 SF
Submarket: NW Submarket
Free Rent: 2 Months
Tenant Improvements: Turnkey
Negotiated Discount: 15%
Parking: 34 Spaces
Renewal Option: Yes
Sublease Rights: Yes

Other Rights worth mentioning:

Landlord installed a brand new HVAC system for the tenant at the sole cost of the landlord

Taylor Scheps

(713) 705-1146
[email protected]fordcres.com

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Tenant Negotiates Significant Discounts w/ Termination Option and HVAC Warranty

CASE STUDY / DEAL REVIEW

Oxford Agents:      Chase McAteer & Vincent Vega

Summary:
When Chase and Vincent started the relocation process with this group at the beginning of the year, they were needing a much larger space. When COVID hit they realized that much of their administrative staff could work remotely. The client had a strong preference for a standalone building for privacy concerns and they didn’t want a long-term lease. After searching the market, we located a fantastic standalone building that accommodated these requirements. This is just one of the examples of how we are reacting to our client’s needs, and finding creative solutions to finish the job!

Property Type: Class B Office
Tenant Industry: Behavioral Health Consultation
Size: 4,521 sf
Submarket: Northwest Near
Free Rent: 3 months
Tenant Improvements: New paint
Negotiated Discount: 25%
Parking: Free parking
Termination Option: Yes
Renewal Option: Yes
Right of First Refusal: Yes
Sublease Rights: Yes

Other Rights worth mentioning:

Landlord shall provide a warranty on all HVAC units for the first year, then provide an annual cap on tenant costs on any maintenance/repairs. Tenant also received a cap on operating expenses based on prior year numbers.

Chase McAteer

(904) 874-5822
[email protected]

Vincent Vega

(713) 575-2471
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Nine Months Abated Rent for New Tenant

CASE STUDY / DEAL REVIEW

Oxford Agents:      Vincent Vega & Chase McAteer 

Summary:
We are pleased to announce we helped a client relocate their Energy Corridor office to a new property in Park Ten. They were fed up dealing with poor property management in their previous building and ready for a  fresh start. Our client still had 9 months left on their lease, but they wanted to move right away if possible. We were able to find a building that was affordable and willing to provide 9 months of abated rent upfront. This allowed our client to relocate immediately without paying for double rent.

Property Type: Class B Office
Tenant Industry: Employment Benefits
Size: 2,036 sf
Submarket: Katy Freeway West
Renewal/Relocation/Purchase/Sale/New Location:
Relocation
Free Rent: 9 months up front
Negotiated Discount: 14%
Parking: 3 reserved spaces
Renewal Option: Yes
Sublease Rights: Yes

Other Rights worth mentioning:

Lowered hold over from 200% to 150%. Right to sublease space

Vincent Vega

(713) 575-2471
[email protected]

Chase McAteer

(904) 874-5822
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Law Firm Relocation in Midtown Houston

CASE STUDY / DEAL REVIEW

Oxford Agents:    Matt Rogers

Summary:
We recently helped a law firm client relocate their office in Midtown Houston. We were able to find a great fit for them to enjoy long-term.

Property Type: Office
Tenant Industry: Law Firm
Size: 3,800 sq ft
Submarket: Midtown
Free Rent: 2 months
Negotiated Discount: $2 psf or 9%
Parking: Additional visitor parking for free
Renewal Option: Yes
Right of First Refusal: Yes
Sublease Rights: Yes

Other Rights worth mentioning:

Negotiated a right of first refusal for any other vacant space in the building as well as the right to relocate at any time as needed for growth.

Services or Solutions:

Specialized search to find unique properties

Matt Rogers

(713) 858-3764
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703