Acquiring Medical Office Space: What May Seem Like A Bargain May Cost You Dearly
South Florida Hospital News | By: Kenneth A. Weston
Kenneth Weston & Associates, Inc. recently announced the closing of two units for $1.5 million at One Seventeen Professional Arts Center, a 133,000 square foot new construction medical and professional office condominium located at 8200 SW 117th Avenue in Miami.
In addition to leasing, selling and developing medical properties, we have been representing healthcare professions in acquiring medical office space for 30 years. We have endured full cycles of fluctuations in the industry, including interest rates and supply and demand.
When working with healthcare professionals, we incorporate our years of local expertise in the South Florida medical real estate market to provide them with the most complete knowledge available to assist them in choosing and finalizing the best alternative for their needs.
There are several quality medical office spaces being offered for sale in certain strong submarkets that represent some of the best deals in many years. The key is to differentiate the strong properties from the weak ones.