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Updated over 7 years ago,

User Stats

34
Posts
7
Votes
Vu T.
  • Investor
  • Fountain Valley, CA
7
Votes |
34
Posts

Medical Office Advice

Vu T.
  • Investor
  • Fountain Valley, CA
Posted

Hi BP,

So I came into possession of 2 medical offices, about 1150 sqft each.  One has about 7 rooms + 1 br.  The other use to be a cafeteria of some sort so it has a large room + 3 smaller room + 1br.  This building is located among other physician and medical-related offices and across the street from a small hospital.

My question is, the inside is moderately beat up.  The floors that had carpet definitely needs to be pulled up and replace.  Ceiling tiles has stains and holes etc and walls and doors need to be repainted badly.

My question is, would you guys do light rehab on this to make it presentable (lay vinyl on the floors, a coat of paint and new ceiling tiles) knowing that the new tenants may end up doing a lot of TI to suit their own needs and ripping everything up?  The many physicians I know usually end up fixing up the office to their liking.  But of course some don't.  I'm having a hard time debating if I should clean it up just to get some tenants in there.  Posting an ad with inside pics looking the way it does won't exactly get new docs excited.

What are your experiences with these kinds of medical offices (or just offices in general)?

(Sorry if this was discussed somewhere else, I couldn't find any threads)

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