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Both doctors in this clinic building are past 60
Asking price works out to a 9.1 cap on in-place, which for a rural building isn't strange on its own. What's making me stare at it is the tenant roster. Family practice in 4,400 s…
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Medical office investing means owning buildings leased to healthcare providers, physician practices, outpatient clinics, diagnostic centers, and similar tenants.
Log in to followAsking price works out to a 9.1 cap on in-place, which for a rural building isn't strange on its own. What's making me stare at it is the tenant roster. Family practice in 4,400 s…
Under LOI review on a two tenant clinic building, about 12,000 sf, asking $3.6m. My lender contact listed reports she'd need and I only recognized half of them. Phase I, PCA, ALTA…
Small two story building in a suburban node. Suite 104 is a 2,100 sf pediatric practice at $34/sf. Suite 206 is a 2,000 sf insurance agency at $26/sf. Same building, same age, sam…
Single tenant off-campus building, cardiology group, seven years left at $34 psf. The practice told me informally they're in talks to be acquired by the regional health system. I…
This was a 2,900 sf suite in a five-suite medical condo building about a mile from a regional hospital. Bought it at $412k with a solo podiatry practice in place at $26/sf on a mo…
Walked the mechanical spaces on a 22,000 sf two-story medical building last week. Two original 1994 rooftop units on the north half, both replaced sometime around 2011 by the look…
Two things crossed my desk in the same submarket and they're basically opposite ends of the same building type, so I want to hear where the room lands. Option one is the fee inter…
Two buildings under review, both off-campus, and the rent looks nearly identical so the whole spread has to come from credit. Building A: 9,200 sf single tenant, orthopedic group,…
Reading a lease abstract for a 4,800 sf suite in a two story medical outpatient building, and the abstract says "guaranteed by health system parent." That sounded great until I go…
4,400 sf second generation dental suite, six operatories, going dark at expiration. Local imaging group wants it for a 1.5T MRI plus ultrasound and a reading room. Their term ask…
Working through an LP subscription and I'd like people to tear up the assumptions before I wire. Asset: 48,000 sf multi-tenant medical outpatient building, 1987 vintage with a 201…
I've been reading a flyer for a 14,000 sf building leased to a dermatology practice and a physical therapy group. It's described as an off-campus MOB, mostly second generation spa…
I've spent two years looking at land and holding patterns, so buying an actual building with actual tenants is new territory for me. The deal: 6,200 sf single story medical buildi…
A broker sent me a one page flyer on a 7,000 sf two story clinic building in a suburb I barely know. Four suites, three leased, an asking price, a rent roll with three lines on it…
Under LOI on a two tenant medical outpatient building, 18,400 sf, $6.8m, 6.9% going-in cap. Bigger tenant is a system-affiliated cardiology practice, 11,200 sf, 9 years left, $32…
Multi-tenant medical outpatient building, 44,000 sf, twelve suites. I'd been cleaning conventional suburban office for years at $1.60 to $1.90 per sf per year and won this one at…
Been planning this for two years and reading everything twice, so here's what actually happened. 3,400 sf single tenant medical building, built 2004, in a town of about 28,000 wit…
18,000 sf, three tenants, 88% occupied, asking $4.1m. In place NOI as delivered is about $290k, so 7.1% going in, and the debt quote I have puts me around a 1.35 coverage on year…
I've installed and repaired a fair amount of this equipment and I've never seen a lease handle it well, so I want to put the ownership question to people who underwrite these buil…
Sitting with a 9,400 sf building, two suites, one of them a former imaging tenant that left behind lead-lined walls, a reinforced slab section and a 400 amp service. Seller is pri…