Medical Office

Any advice on how to evaluate a given medical office property on whether it is a good investment or not?
What are the risks?
Thanks
In Buying Property - Asked by Srini P. - Jun 18, 2009
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Answer(s)

Paul S.
Broker/Agent
Glendora, CA

There are many things that one wants to look at. The answer to your question is longer than in practical on this forum. For one thing it will depend on where you are. Different regions of the US have very different economic climates. I would also need the financial information on the property. email me at pstoski@yahoo.com or call at 800 554-7362 ext. 208.
Paul Sylvester,CCIM

Jun 19, 2009
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Srini P.
Owner/Investor
San Jose, CA

It is in CA.

Jun 19, 2009
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Anand B.
Broker/Agent
Arlington Heights, IL

Depends greatly on each individual property. Those specific questions you asked should be asked to each seller/broker/agent for the properties you are interested in.
I've also found that hitting the "contact broker" button and comunicating via EMAIL (vs. calling a busy broker/agent) is the best way to get clear answers to your questions. That way your questions and intentions (as well as the ANSWERS) are in writing and such details cannot be forgotten or misconstrued like it can from a phone call.
P.S. Brokers/Agents can you PLEASE remember NOT to spam these answers with your contact info and personal plugs? These Q&A's are to help those asking the questions, not an advertising methodology.

Jun 21, 2009
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Srini P.
Owner/Investor
San Jose, CA

I am looking to get general pointers/approach on how do I go about doing due deligence before calling or emailing agent.
How do I compare 2 given properties on which one is better investment from return/risk perspective?
Appreciate if anyone can give me specifics on how do I go about researching medical office property.

Jun 22, 2009
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Paul S.
Broker/Agent
Glendora, CA

Why would you try and do the due dilligence on your own? It takes hours of education and years of experience to analyize properties. Keep in mind the agent you are working with ususally is paid by the listing broker which means you essentially get the expertise of your agent for free. There are a few exceptions but generally that is the case. Many agents work all over the US and can help you from your home base. Commercial real estate is about income and investment returns not the color of the wall paper as in residential. It is no uncommon for you to reside in one place your agent another, the purchase property in another, the mortgage broker in another and the ultimate lender in, you guesssed it, another. If an agent runs into something he or she can't help you with they should be able to refer you to someone who can? This forum is good but because of time constraints the answers to your questions can rarely be answered completely herein. Commercial is not like buying a house where all you have to do is feel warm and fuzzy about it. paulsylvester@remax.net 800 554-7362 ext 208.

Jun 24, 2009
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