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New Industrial Developer Buys Land near Beltway

CASE STUDY / DEAL REVIEW

Oxford Agents: Dylan Stiteler

Summary:
We helped a client find land suitable for industrial development at below market pricing as they were tired of leasing and wanted to become owner occupiers as well as a landlord.

Property Type: Raw Land
Tenant Industry: Building Supplies
Size: 16.1 Acres
Submarket: Southwest
Represented Buyer or Seller: Buyer
Earnest Money: $50,000
Feasibility Period: 60 days
Close Period: 15 days
Loan: All Cash

Dylan Stiteler

(832) 433-0970
[email protected]

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Call Us Today: (713) 575-2703

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Tenant Leases with an Option To Buy Despite Loan Falling Apart

CASE STUDY / DEAL REVIEW

Oxford Agents: Dylan Stiteler

Summary:
We helped a client lease a building he had under contract with an option to purchase despite the loan falling apart.

Property Type: Class B Industrial Warehouse
Tenant Industry: Cabinet construction / home remodeling
Size: 8,000 SF
Submarket: West
Transaction Type:
New Location
Free Rent: 2 months gross
Tenant Improvements: As is
Parking: Free

Other deal points worth mentioning:

Had building under contract to purchase at $1,070,000. The loan fell apart despite being financially approved. Leased the building from a new investor buyer for 3 years with an option to purchase after 3 years.

Dylan Stiteler

(832) 433-0970
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703

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Tenant Renews Office Lease While Reducing Rent 20%

CASE STUDY / DEAL REVIEW

Oxford Agents: Chase McAteer

Summary:
We helped a client reduce their rent by 20% and capture 5 months of free rent on their office lease renewal.

Property Type: Class C Office
Tenant Industry: Software & Analytics
Size: 2,750 SF
Submarket: Northwest Near
Transaction Type:
Renewal
Free Rent: (5) Months abated
Tenant Improvements: Paint & Carpet plus noise reduction mitigation
Negotiated Discount (%) 18%
Parking: No charge
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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Galleria Tenant Hires Tenant Rep Last Minute

CASE STUDY / DEAL REVIEW

Oxford Agents: Ryan Hartsell

Summary:
We just helped a client who was about to sign a lease renewal while representing themselves. We got involved at the last minute and provided them a true picture of market conditions, which resulted in them receiving an additional 3 months of free rent and free parking. A common misconception is that our involvement somehow worsens the deal, but this couldn’t be farther from the truth!!

Property Type: Class A Office
Tenant Industry: Energy Firm
Size: 3,360 SF
Submarket: Galleria
Transaction Type:
Renewal
Free Rent: 8 months free
Negotiated Discount (%) 17%
Parking: Free for the first 34 months
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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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
Transaction Type:
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
Transaction Type:
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
Transaction Type:
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
Transaction Type:
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