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Medical Tenant Renews 3 Years Early to Receive $4 PSF Discount & 5 Months of Free Rent

CASE STUDY / DEAL REVIEW

Oxford Agents: Ryan Hartsell

Summary:
We recently helped a medical office client who was paying above-market rents. We leverage our relationship with the landlord to lower their rental rate by $4 PSF and receive 5 months free rent, even though they had 3 years remaining on the lease.

Property Type: Class B Office
Tenant Industry: Medical
Size: 13,880 SF
Submarket: Greenspoint/ North Beltway 8
Renewal/Relocation/Purchase/Sale/New Location:
Renewal
Free Rent: 5 months
Tenant Improvements: $5 PSF
Negotiated Discount (%) 18%
Parking: Free
Renewal Option:
Yes
Right of First Refusal: Yes
Termination 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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Landlord Offers No Free Rent for Renewal – Tenant Moves and Gets 8 Months Free

CASE STUDY / DEAL REVIEW

Oxford Agents: Chase McAteer

Summary:
We are pleased to announce a recently closed transaction for one of our returning clients. Their current landlord offered no free rent and a modest rate reduction for their renewal. We toured the market and secured multiple relocation offers which could beat the landlord’s deal. Despite this fact the landlord would not improve their offer and our client decided after 10+ years to relocate their offices. They secured a nicer space in a comparable location for a better rate and the first 8 months of rent free. 

Property Type: Class B Office
Tenant Industry: Waste & Recycling Management
Size: 3,700 SF
Submarket: Northwest Far
Renewal/Relocation/Purchase/Sale/New Location:
Relocation
Free Rent: (8) months fully abated
Tenant Improvements: Turnkey, estimated $20psf
Negotiated Discount (%) 21.4%
Parking: 3.5/1,000 ratio, no charge for unreserved, reserved at $50/month – Tenant provided with (3) reserved permits
Renewal Option Yes
Sublease Rights: Yes

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 Secures 5/1,000sf Parking Ratio in Flex Space for Company Vehicles

CASE STUDY / DEAL REVIEW

Oxford Agents: Chase McAteer

Summary:
We helped a client relocate their Houston facility from The Woodlands to the North Beltway & 249. This client maintains a fleet of 400 work vehicles for technicians across the Houston area, and they had no parking space left in their old location. The situation was tense between themselves, their landlord, and other neighboring tenants. We were able to locate a Class A flex end-cap space with sufficient parking for their needs – over a 5/1,000sf ratio.

Property Type: Class A Flex
Tenant Industry: Utilities and Infrastructure
Size: 13,000 SF
Submarket: N Beltway / Tomball 249
Renewal/Relocation/Purchase/Sale/New Location:
Relocation
Free Rent: (2) months gross abated
Tenant Improvements: $1 psf
Negotiated Discount (%) 17%
Parking: 5/1,000sf ratio and dedicated parking areas for their exclusive use
Renewal Option Yes
Sublease Rights: Yes

Chase McAteer

(904) 874-5822
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Software Firm Renews $5psf under Landlord’s Asking Price

CASE STUDY / DEAL REVIEW

Oxford Agents: Ryan Hartsell

Summary:
We recently helped a client secure a short-term renewal . We used our relationships and transaction volume in the marketplace to achieve a competitive renewal with minimal hassle or time investment.

Property Type: Class B Office
Tenant Industry: Software Development
Size: 3,861 SF
Submarket: North Loop West
Renewal/Relocation/Purchase/Sale/New Location:
Renewal
Free Rent: 2 months free
Tenant Improvements: As-Is
Negotiated Discount (%) 21%
Parking: Free parking
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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CPA Firm Renews w/ On-Going Death & Disability Termination Clause

CASE STUDY / DEAL REVIEW

Oxford Agents: Ryan Hartsell

Summary:
We recently helped a client renew while having a difficult landlord not wanting to recognize current market fundamentals. We leveraged a competitive offer from a different landlord, which resulted in renewal terms 22% under the initial “best and final offer.” We also added an on-going termination option should the primary partner die or become disabled

Property Type: Class C Office
Tenant Industry: CPA
Size: 3,023 SF
Submarket: Katy Fwy West
Renewal/Relocation/Purchase/Sale/New Location:
Renewal
Free Rent: 3 months
Tenant Improvements: $5
Negotiated Discount (%) 22%
Parking: Free parking
Other deal points worth mentioning: 
No OPEX charges for storage space (was paying for OPEX historically)
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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CPA Firm Terminates Existing Lease and Relocates with 1 Year Free Rent

CASE STUDY / DEAL REVIEW

Oxford Agents: Matt Rogers

Summary:
We helped a client relocate after terminating its lease due to a terrible management issue in their previous building. They had a tight budget and special considerations, which left us with few options to consider. We still focused on landlords we knew were good operators and negotiated a below market deal.

Property Type: CPA
Tenant Industry: Office Class B
Size: 2,023 SF
Submarket: Energy Corridor
Renewal/Relocation/Purchase/Sale/New Location:
Relocation
Free Rent: 12 months gross abated
Tenant Improvements: Turn-key ($40 PSF)
Negotiated Discount (%) 24%
Additional Credits/Reimbursements: $3 PSF Moving Allowance
Parking: Free
Renewal Option Yes
Sublease Rights: Yes

Matt Rogers

(713) 858-3764
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Office Tenant Renews Lease and Lowers Rental rate by $7 psf

CASE STUDY / DEAL REVIEW

Oxford Agents: Chase McAteer

Summary:
We helped a client who was about to represent themselves on a lease renewal. We provided a free assessment of negotiated deals in their market, which resulted in them hiring us. We ended up lowering their rental rate by $7 psf!

Property Type: Office, Class B
Tenant Industry: Steel Supplier
Size: 4,526 sf
Submarket: Katy Freeway West
Renewal/Relocation/Purchase/Sale/New Location:
Renewal
Free Rent: (8) months gross rent abated
Tenant Improvements: As-Is
Negotiated Discount (%) 27%
Additional Credits/Reimbursements: Parking charges fully abated
Parking: 3.5/1,000 w (2) reserved spaces
Renewal Option Yes
Sublease Rights: Yes

Chase McAteer

(904) 874-5822
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Company opens another Location

CASE STUDY / DEAL REVIEW

Oxford Agents: Matt Rogers

Summary:
We helped a client who is growing and needed to add another location at a lower cost to evaluate the growth and be faster responding to their demand needs. We spent time reviewing opportunities in the preferred area and talking with brokers heavily active in that area which resulted in a perfect warehouse at a below market rate, which allows them to grow more in the area with low overhead.

Property Type: Industrial
Tenant Industry: HVAC
Size: 7,730 sq ft
Submarket: Plano
Renewal/Relocation/Purchase/Sale/New Location:
New Location
Free Rent: 1
Tenant Improvements: New Paint and flooring, cleaned up restroom
Negotiated Discount (%) 18%
Parking: First Come First Serve
Renewal Option Yes
Sublease Rights: Yes

Matt Rogers

(713) 858-3764
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Office Tenant Transitions from Sublease to Direct Lease

CASE STUDY / DEAL REVIEW

Oxford Agents: Ryan Hartsell

Summary:
We help a client who’s sublease was terminated transition into a direct lease renewal. We leveraged our market comparable and relationship with the landlord to negotiate a fair-market deal much lower than other tenants in the building. While the process was far from enjoyable, it could have been much worse. The final result was a win-win for both the landlord and tenant.

Property Type: Class A Warehouse
Tenant Industry: Debt Collection
Size: 14,000 sq ft
Submarket: Katy, TX
Renewal/Relocation/Purchase/Sale/New Location:
Renewal
Free Rent: 11 months gross
Tenant Improvements: $5
Negotiated Discount (%) 32%
Parking: 64 unreserved and 20 reserved for free
Sublease Rights:
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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Supply Chain Company Quickly Relocates Warehouse to a Turn-key Solution w/ a Termination Option

CASE STUDY / DEAL REVIEW

Oxford Agents: Ryan Hartsell

Summary:
We recently helped a supply chain company relocate into a new warehouse facility after it picked  up a new contract requiring a larger facility ASAP. We toured 6 properties and quickly negotiated a deal with 5 months free rent, turn-key construction, an $80,000 moving allowance, and a termination option!

Property Type: Class A Warehouse
Tenant Industry: Supply Chain & Logistics Company
Size: 60,000 sq ft
Submarket: North Fwy/Tomball Pky Submarket
Renewal/Relocation/Purchase/Sale/New Location:
Relocation
Free Rent: 5 months gross
Tenant Improvements: Turn-Key including 4,000 sq ft of office
Additional Credits/Reimbursements:
$80,000 moving allowance
Negotiated Discount (%) 12%
Parking: 60 spaces free
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