Medical office rentals

[Mike Celli]

Does anyone rent out medical offices. Been doing some research and it seems like they all own their own offices.

[Frank Hinck]

@Mike Celli

Yes many solo practitioners own stand alone buildings. There are many multi tenant medical buildings, depending on the market usually large parking, nice lobby, elevator, managed by a small or large property manager. The buildings are B or better and tenants as Dr’s have better credit so it’s expensive to buy into these buildings, tenant improvement construction allowances are usually $40sf so be prepared with capitol or plan to refinance every time a new tenant needs to build. Find a medical specific commercial broker to list the building, and a Commercial GC with medical experience.