KLEIN ESTATESCommercial Advisors
Case Studies

Engagements, results, and a few honest lessons.

Healthcare

Regional Specialty Healthcare Group

Challenge
Six clinical locations across Central Florida were on staggered leases with no central strategy. Two key sites were 14 months from expiration with renewal economics 22% above market.
Approach
Built a master lease abstract, ranked each location by patient volume per square foot, and ran parallel renewal vs. relocation tracks on the two priority sites.
Outcome
Renewed three sites at flat in-place economics with refreshed TI packages, relocated one site to a higher-visibility medical retail pad, and consolidated administrative HQ into a single floor at Maitland Center.
$412,000
Annual rent savings
62,400
Total SF managed
5
Leases executed
Logistics

Family-Owned Logistics Operator

Challenge
Operator owned its 168,000 SF distribution facility outright but needed growth capital and did not want to sell to a competitor.
Approach
Underwrote the building and crafted a 15-year sale-leaseback with 2% annual escalators, marketed to a curated buyer list of three institutional net-lease investors.
Outcome
Closed at a 6.1% cap on 1st-year NOI. Seller redeployed proceeds into two regional acquisitions while remaining in place under the new lease.
$28.4M
Sale price
6.1%
Cap rate
15 years
Lease term
F&B

Regional Restaurant Group

Challenge
Four-unit concept wanted to add three Orlando locations in 18 months with strict trade area and rent-to-sales criteria.
Approach
Built void analysis for the full MSA, shortlisted nine candidate sites, and negotiated three executed leases with co-tenancy and exclusivity protections.
Outcome
All three locations opened on schedule; year-one sales averaged 11% above pro forma.
3
Locations opened
+11%
Avg sales vs proforma
16
Months end-to-end
Professional Services

Northeast Professional Services Firm

Challenge
Relocating 84 employees from Westchester County to Central Florida; needed a workplace strategy, sub-market decision, and Class A lease within nine months.
Approach
Ran a structured criteria workshop, scored four sub-markets on labor, cost, and lifestyle, and executed a 26,000 SF lease at a renovated Lake Mary asset with full furniture package.
Outcome
Office opened on the planned date with 79 of 84 employees relocating. Total occupancy cost 38% below prior NY footprint.
26,000
Square feet leased
38%
Occupancy cost saving
94%
Employee retention