post

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: Steel Supplier
Tenant Industry: Office, Class B
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
cmc[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

post

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

post

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

post

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

post

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

post

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

post

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

post

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

post

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

post

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