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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 OptionYes
Sublease Rights:Yes

Chase McAteer

(904) 874-5822
[email protected]

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