Oxford Agents: Chase McAteer

We assisted a client with finding the perfect location to open a new Baytown office. The space will be a brand new build out from shell condition and the landlord will contribute significantly to the construction costs. Our client also has the flexibility to amortize up to $80,000 of construction costs over a 48 month repayment at 0% interest. The location will be a fantastic spot for our client to continue their impressive growth strategy.

Property Type: Class B Retail
Tenant Industry: Therapy
Size: 4,000 SF
Submarket: Baytown
Transaction Type: New Location
Free Rent: (7) Months fully abated
Tenant Improvements: $54 psf allowance ($216k)
Additional Credits/Reimbursements:
$20 psf allowance may be amortized at 0% ($80,000) and repaid over (48) months
Negotiated Discount (%): 17%
Other deal points worth mentioning: 2% annual rent escalations, access to outdoor area for playground at no charge
Renewal Option: Yes
Right of First Refusal: Yes

Other Rights worth mentioning:

Chase McAteer

(904) 874-5822