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
rhartsell@oxfordcres.com