It’s a question practically every medical practice grapples with from the outset – should we buy or lease our medical office space?
While ownership may have some advantages, the benefits of leasing more often outweigh the expense and liability of buying medical office space, and here’s why:
- There are fewer upfront costs. If you purchase a property, it will require a substantial amount of out-of-pocket money. However, if you lease your medical office space, you needn’t come up with a down payment, don’t have to pay closing costs, and don’t need to foot the bill for expensive build-out costs.
- There is more room for flexibility. Suppose you are planning to change the size of your practice later. In that case, you are more likely to have sufficient working capital to respond to new medical technology and practice opportunities if you lease the office space.
- There is less upkeep required. A medical facility often requires a great deal of maintenance such as cleaning, renovation, heating, ventilation, air conditioning, or landscaping, among others. If you lease your office space, your property manager will be responsible for these details. Then you can concentrate on building your practice and providing your patients with the best possible care.
- You have the opportunity to establish your practice in a better location with affordable rent. Typically, you will find medical office space for lease in a high-traffic area on or near major thoroughfares. Other businesses and offices might be nearby too.
- There is less need for build-out. If you purchase your own commercial property, you will likely need to make substantial improvements to the facility to suit your practice’s specific needs. These improvements can become extremely costly, time-consuming, and stressful. Established medical office buildings, on the other hand, typically have the existing infrastructure to accommodate your medical practice. By leasing your medical office space, you can avoid the headaches associated with build-out and instead focus your efforts on successfully running your practice.
Medical Space for Lease Near Me
There are other benefits to leasing your medical office space – especially if you choose to lease at the new Executive Medical Center located at 4513 Executive Drive in Naples, Florida. The property is just a quarter-mile from Interstate 75 and is easily accessible by car or public transportation with plenty of standard and handicap-accessible parking spaces.
Not only is the Executive Medical Center in a prime location with plenty of parking, but it also offers two floors of stylishly designed medical office space in move-in condition. It also offers several special amenities that could prove valuable to your operations including:
- An independent, state-of-the-art MRI imaging center located on the first floor, where you can conveniently order detailed diagnostic scans, and your patients can receive faster results.
- The North Naples Surgery Center, an outpatient ambulatory surgical unit which is located on the third floor of the Executive Medical Center. Their highly skilled medical staff regularly handle a large volume of patient traffic and use the latest, advanced medical technology. They also perform a wide range of elective, same-day procedures. If you are a surgeon with privileges at the Surgery Center, you will have access to any of its equipment and medical staff needed to assist in your specialty.
- A diverse roster of healthcare professionals as tenants, offering your practice a convenient source of referrals for patients in need of additional care.
To learn more about the benefits of leasing at the Executive Medical Center, call the AJS Realty Group in Naples, Florida at (239) 313-3416 or email hamish@ajsrealtygroup.com. We look forward to meeting with you and discussing how we can provide for your practice’s specific needs.
