CASE STUDY / DEAL REVIEW
Oxford Agents: Perry Mazzone & Vincent Vega
Summary:
We are pleased to announce that we were able to help a client who needed to renew their lease or relocate within a short time frame. We were able to quickly summarize what could be obtained in the surrounding market versus renewing at the current location, which resulted in an increase in abated rent, higher tenant improvement allowance, and a lower base rental rate.
| Property Type: | Class B Office |
| Tenant Industry: | Oil & Gas |
| Size: | 1,500 SF |
| Submarket: | Pasadena/Gulf Fwy |
| Renewal/Relocation/Purchase/Sale/New Location: |
Renewal |
| Free Rent: | 5 months |
| Tenant Improvements: | Turnkey |
| Negotiated Discount: | 15% |
| Parking: | Decreased reserved parking spot from $50 per month to $25 per month for the first two years of the lease |
| Sublease Rights: | Yes |
Perry Mazzone
(713) 401-8896
pmazzone@oxfordcres.com
Vincent Vega
(713) 575-2471
vvega@oxfordcres.com
