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.

Purchasing a medical office building requires evaluating much more than the purchase price.

Healthcare professionals should consider the property’s location, patient accessibility, parking availability, zoning requirements, visibility, building condition, and future expansion potential. Financial factors such as financing terms, operating expenses, maintenance costs, and projected long-term ownership costs should also be carefully reviewed.

A comprehensive due diligence process helps identify potential risks and ensures the property aligns with both your current operational needs and future business objectives.

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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.

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.

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

What should I consider before purchasing a medical office building?

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