Cost Estimate for a 6000 sq ft commercial medical/retail building & financing options

[Kamal Sukhija]

Hello All,

We own a piece of commercial land and plan to build a medical/retail building approx 6000 sq ft. for lease.

After the land is graded and all utilities in place including the storm water management, what could be the  approximate cost to build a vanilla shell (dry wall + hvac included) for a modern medical/retail building like this one.

Also who can provide funding for this, land is paid off. I have checked with Wells Fargo where we bank they say they do not provide investment property loans.

Thanks in advance.

[Henry Clark]

OP.  You're going to need an Engineer anyways.  I would spend the $20,000 and have them spec out the site and also do a cost estimate.  The $20,000 would be for a pre-designed building footprint.  If you have them design the building it will probably cost another $40,000. You would have to figure out who does the engineering for the interior hookups and finishes.  Plus, your site prep and utilities costs are a bit undeveloped above from a discussion standpoint.  Just your parking and sidewalks could be $200,000.  Plus getting the utilities to the site, is different than hooking up the utilities.

You should also provide a picture of a similar building to show construction type and finish quality.  At 6,000 sq ft shell could be $900,000 up to $1,500,000.  Plus, the client will want you to finish the building out.  Which could be an open space Medical Equipment rental business, down to a Dentist's office with multiple room utility hookups.

You're going have to vet this to a lower level of discussion anyways.  Recommend you get the Engineer up front.