Commercial Real Estate can be an intricately detailed and complicated process. Hiring someone that will walk you through the process of a new lease, lease renewal, purchase, or sale will give you confidence that you're making an educated decision about the investment you're making for your practice with complete peace of mind. A trusted healthcare real estate professional will provide you with the best options along with comparisons on multiple lease options or a purchase vs lease comparison. See the services we offer with experience and expertise.

Commercial Real Estate can be an intricately detailed and complicated process. Hiring someone that will walk you through the process of a new lease, lease renewal, purchase, or sale will give you confidence that you're making an educated decision about the investment you're making for your practice with complete peace of mind. A trusted healthcare real estate professional will provide you with the best options along with comparisons on multiple lease options or a purchase vs lease comparison. See the services we offer with experience and expertise. Please contact us at the information below to see how we can serve you!

I receive this call often from doctors, attorneys, accountants, and even lenders.  There are so many variables to consider there is no one answer.  For example, a doctor called me to ask if $24/SF to lease the office of the practice she was purchasing was too much for her geographic location.  My knee jerk was “Yes” for that property, but there was no way to know until I understood the concessions involved, and or real estate purchase option and what those terms were based upon.  Knowing what the neighboring market rents or purchase pricing is one thing, but a complete assessment must be performed to assure Seller and Buyer that they are both being treated fairly.  To arrive at the fair market lease or purchase value we have to consider the comparable market (inclusive of adjusted value for build out) and the replacement cost (inclusive of depreciation) as primary metrics.  There are times however, that the value to a 3rd party buyer of the real estate is a factor to understand.  This is where our Evaluations for real estate take an objective approach to identify the proper marketable margin instead of a subjective finite number.  

This question is often addressed when a practice is coming up on the time for their lease renewal.  Or, if they own, they may be considering expanding the entire footprint of the building. After performing a market and project analysis, we have often found that relocating can be at or below the cost of the renovation.