Hodson Realty

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Monday, June 28, 2010

Commercial Medical Space

We have several leases pending with medical professionals who are seeking satellite offices in other communities or are simply expanding their existing space or consolidating their space.

One great option for physicians, dentists and other medical professionals is the medical office
condominium concept. These professional units allow the doctors to own their own unit and gather in a building that has other physicians. The collected occupancy of such medical office condominiums tends to allow for synergies between practices. If the building is newly constructed with a high amount of vacancy a buyer may be able to first acquire a smaller unit and also receive the right of first refusal on some of the adjacent, vacant.

The acquistion of this type of product can lead to an equity build up situation similar to that of owner your own residence. Just be sure that you select the best location for your practice and take into account your plans for future business growth.


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