CASE STUDY / DEAL REVIEW
Oxford Agents: Chase McAteer
Summary:
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% |
| Parking: |
3.5/1,000sf |
| 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
cmcateer@oxfordcres.com