The right space and terms

Lease for Dental Clinic
Dr. Tenant contacted us as he was considering either buying a practice or pre-plumbed space, on the one hand, or building out his own space on the other hand. Eventually, Dr. Tenant located a new construction medical condo space that fit the bill. We worked with the landlord to obtain significant tenant improvement allowance money for Dr. Tenant to build out his space, which was originally delivered in gray shell condition. In the lease, we focused on the TIA, the term, the rent, and the condition to be delivered–with proper sizing on electric, water, and plumbing for Dr. Tenant’s future dental clinic.
The process of lease negotiation was about 8 weeks, including the LOI and the lease signing. Upon signing, Dr. Tenant proceeded with contractors getting permits and building out the space to suit his purposes. Now, a shiny new, fit for purpose dental practice is open for business and Dr. Tenant got exactly what he wanted with the build-out and equipment costs offset by the landlord and the difference 100% financed.
- Business
- 2023
- General and Cosmetic Dentist