How long does it take to purchase a medical office building?

Most medical office building purchases take between 90 and 180 days, depending on financing, due diligence, negotiations, and closing.

Most medical office building acquisitions are completed within 90 to 180 days, although the timeline can vary depending on the complexity of the transaction.

The process typically begins with identifying suitable properties, followed by financing approval, negotiating the purchase agreement, completing inspections, conducting due diligence, and finalizing legal documentation before closing.

Working with experienced healthcare real estate professionals, lenders, and legal advisors can help keep the transaction moving efficiently while minimizing delays.

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Why work with a healthcare-focused commercial real estate advisor?

Healthcare real estate advisors understand medical facilities, patient needs, and industry-specific requirements that general brokers may overlook.

Can I purchase a medical office building before my practice is fully established?

Yes. Many healthcare professionals purchase medical office buildings early, provided they meet financing requirements and have a strong business plan.

What should I consider before purchasing a medical office building?

Consider location, accessibility, financing, building condition, parking, zoning, operating costs, + future growth before purchasing a medical office building.

What financing options are available for medical office buildings?

Medical office buildings can be financed through conventional commercial loans, SBA loans, or specialized healthcare lending programs.

Is it better to buy or lease a medical office building?

Buying and leasing each offer unique advantages depending on your practice’s goals and stage of growth.

What is an owner-occupied medical office building?

An owner-occupied medical office building is a commercial property owned and occupied by a healthcare practice rather than leased from a landlord.

Do you represent landlords as well as tenants?

No. We work exclusively for tenants to avoid conflicts of interest and ensure objective advice.

When should a tenant engage real estate advisory?

Ideally before touring spaces or discussing lease terms.

When should we engage tenant representation?

Ideally, before you start touring spaces or talking with landlords.

Is this brokerage or advisory?

Our work is advisory-first.

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What to expect:

Tenant & owner occupied representation
Healthcare & service-focused
Chicago & suburban markets

How long does it take to purchase a medical office building?

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