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CASE STUDY / DEAL REVIEW

Oxford Agents: Perry Mazzone

Summary:
We recently helped a nonprofit with an urgent need to cut costs. We were able to quickly negotiate a 20% rental rate reduction from what they were currently paying, while finding a more efficient office layout, resulting in a 35% overall rent reduction. Also, the building we found provided free temporary space and includes 24/7 air conditioning, which resulted in additional savings for our client. 

Property Type:Class B Office
Tenant Industry:Nonprofit
Size:1,628 SF
Submarket:Upper Kirby
Transaction Type:Relocation
Free Rent:3 Months
Tenant Improvements:Turnkey
Negotiated Discount (%):35%
Parking:Free
Other deal points worth mentioning:Free temporary space and 24/7 HVAC at no additional cost
Renewal Option:Yes
Sublease Rights:Yes

Perry Mazzone

(713) 401-8896
[email protected]

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