Medical office investing means owning buildings leased to healthcare providers, physician practices, outpatient clinics, diagnostic centers, and similar tenants.
Log in to followUnder 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…
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…
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,…
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…
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…
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…
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…
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…
Looking at a small 6,000 sf urgent care building, asking $2.4m. The broker's flyer says NNN lease, and I thought that meant the tenant pays everything and I basically just collect…