Case Study

SSM St. Joseph Endoscopy Center

Office & Medical - Tenant Representation

SSM St. Joseph
Endoscopy Center
4203 S. Cloverleaf
Saint Charles, MO

Assignment Overview

  • Renegotiate current lease. Sansone Group was engaged after Tenant received initial offer with no Tenant Improvements or Capital Improvements
  • Evaluate space needs at current location

Result

  • 6 year extension
  • Conversion from a Triple Net lease to a Full Service lease, to limit SSM’s exposure
  • $234,000 total rent savings compared to Landlord’s initial proposal
  • Turnkey Tenant Improvements, totaling $85,800
  • Landlord provided approximately $31,000 for Capital Improvements including landscaping upgrades, replaced sidewalks, paint to building exterior, and expansion of the parking lot to accommodate needs
  • Overall improvement to SSM’s bottom line of approximately $350,000