A medical office is not a standard office.
Patients need to be able to find it, park, and get inside without unnecessary difficulty. The floor plan has to support the staff, equipment, privacy requirements, and type of care provided there. Renovation costs and lease terms can rule out a space that initially seemed affordable.
HC Realty Group has specialized in healthcare real estate since 2005. We advise medical practices, health systems, property owners, and investors in Tampa Bay and throughout Florida.
Our role is straightforward. We help clients understand the property and the terms before they commit to either one.
Finding medical office space
Most searches begin with location, size, and rent. We also look at patient access, parking, visibility, the existing floor plan, and the work required before the practice can open.
A space that needs renovation may still be a good choice. The practice needs to know what the work will cost, who will pay for it, and whether it can be completed on schedule.
HC Realty represents practices searching for medical office space and organizations that need broader corporate real estate services. We also work with hospitals and health systems planning outpatient locations through our hospital real estate services.
Understanding the lease
Base rent is one part of the cost. Operating expenses, annual increases, maintenance obligations, the tenant improvement allowance, and renewal language also affect what the practice will pay and how much flexibility it will have.
We review the real estate terms with the client and compare them across the available choices. Attorneys, accountants, architects, and contractors handle their respective areas. Our job is to make sure the real estate decision is based on more than the quoted rent.
Leasing a medical property
Medical users often need plumbing, electrical capacity, signage, or floor plans that differ from those of a general office tenant. Those requirements affect how a property should be marketed and how a lease proposal should be structured.
Through landlord representation, HC Realty helps owners determine which healthcare users a property can support, market the available space, evaluate prospective tenants, and negotiate the business terms of the lease.
Buying or selling a medical property
The value of a medical office property depends on the property and its leases. Current rent, remaining lease term, tenant credit, physical condition, and future capital needs all affect how a buyer will evaluate it.
HC Realty advises owners and investors through medical office investment sales. We review the real estate, explain the issues likely to matter in the market, and help the client prepare for the transaction.
Talk with us before signing
Contact HC Realty before signing a letter of intent, renewing a lease, or putting a medical property on the market. Early advice gives the client more choices and more time to address problems.
Contact HC Realty Group to discuss the property or transaction.