8340 Coffee St
Houston, TX 77033
Office Property For Sale

Fresenius recently agreed to extend the term for an additional 5 years, demonstrating their commitment to the site. Landlord Responsibilities: • Maintain property insurance and commercial general liability insurance (reimbursed by Tenant). • Maintain and make all necessary repairs and/or replacements to the exterior portions and structural portions of the building, including, without limitation, the foundation, structure, load bearing walls, exterior walls, the roof and roof supports, columns, retaining walls, gutters, downspouts, flashings, and footings. • Regular maintenance and repair of the heating and air conditioning equipment servicing the premises. Tenant is responsible for the cost of the regular maintenance and any repairs up to $1,500 with the $1,500 allowance being escalated annually by the lesser of CPI or 2%. The majority of the HVAC units were recently replaced. • Option Rent Increases: Rent shall increase 2% annually during the remainder of the current term. Commencing at the next option, rent shall be the lesser of (a) 110% of the previous rent or (b) the Fair Market Rental Value, but no less than the rent of the previous annual term. • There is a vacant parcel on the property, which is part of the Leased Premises. Tenant has a right to a portion of any lease/ sale proceeds related to the vacant parcel.