CASE STUDY / DEAL REVIEW
Oxford Agents: Ryan Hartsell & Chase McAteer
Summary:
We helped a client with 20+ locations find an off-market building to lease with a purchase option. They were looking to convert one of their leases into an owned property, but the market in Dallas was incredibly tight. We contacted hundreds of landlords to find one owner who was willing to provide a 5-year lease with an option to buy at a set purchase price.
| Property Type: | Class A Industrial Warehouse |
| Tenant Industry: | Wholesale Trophy Distributor |
| Size: | 50,000 SF |
| Submarket: | Dallas, TX |
| Transaction Type: | Relocation |
| Free Rent: | (2) months base rent abated |
| Tenant Improvements: | $50,000 – $1psf |
| Negotiated Discount (%): | 5% |
| Other deal points worth mentioning: | LL installed new roof, finished office renovation, HVAC repairs, and warehouse repairs outside of TI allowance |
| Renewal Option: |
Yes |
| Sublease Rights: | Yes |
Other Rights worth mentioning:
Tenant right to purchase the property after 5 years at a set purchase price Services or Solutions worth mentioning: Worked on off-market search for purchase options. Uncovered several options including the building above
Ryan Hartsell
(281) 923-5660
rhartsell@oxfordcres.com
Chase McAteer
(904) 874-5822
cmcateer@oxfordcres.com