Your Practice. Your Property. Your Next Investment.
From securing a location for your practice to acquiring a larger medical office asset, One West Group helps buyers and sellers evaluate the real estate, understand its requirements, and execute a clear strategy.
Real Estate That Supports the Practice—and the Investment.
Medical office properties serve two connected priorities: the needs of healthcare providers and the objectives of property owners.
For a practice owner, location, patient access, layout, infrastructure, and occupancy timing can shape the purchase decision. For an investor, lease terms, tenant concentration, operating expenses, and future capital needs influence performance.
We help clients evaluate these factors together, from individual medical office suites to larger multi-tenant buildings and portfolios.
A building that works for one healthcare provider may require substantial changes for another. Likewise, a leased medical office investment requires analysis beyond the tenant’s name or professional specialty.
One West Group helps clients connect the property’s capabilities with the proposed ownership strategy. We identify important questions early and coordinate with the specialists needed to evaluate them.
Medical Office Expertise Across Ownership Strategies.
A focused approach to evaluating the property, aligning the ownership strategy, and coordinating the transaction.
Medical Office Investment Sales
Position your asset around its location, tenancy, lease structure, physical condition, and market opportunity. We develop the pricing and marketing strategy, qualify prospective buyers, and guide negotiations through due diligence and closing.
Practice Owner & Owner-User Acquisitions
Align the real estate purchase with the needs of your practice. We help evaluate space, patient access, parking, layout, occupancy timing, and improvement requirements, with specialized suitability confirmed by the appropriate professionals.
Investment Acquisition Advisory
Evaluate leased medical office opportunities through income, lease duration, tenant profile, expense responsibilities, and capital requirements. We help buyers examine both current performance and future leasing considerations.
Property Valuation & Strategy
Understand your property’s market position through comparable transactions, operating income, occupancy, lease terms, and physical characteristics. Our broker’s opinion of value helps inform acquisition, disposition, and ownership decisions.
Practice Expansion & Relocation Planning
Translate practice requirements into property acquisition criteria. We help clients assess location, building size, expansion capacity, timing, and potential occupancy scenarios as they plan a move or additional location.
Repositioning & Conversion Analysis
Assess opportunities involving vacancy, dated improvements, or a proposed transition to medical office use. Potential benefits are evaluated alongside construction costs, infrastructure requirements, approvals, and execution risks.
Larger Assets & Portfolio Advisory
Evaluate multi-tenant buildings, medical office campuses, and portfolios with attention to tenant concentration, lease rollover, operating performance, capital needs, and market positioning.
1031 Exchange Coordination
Align an investment property sale with a replacement-property search. We coordinate with your qualified intermediary, lender, and tax and legal advisors to support your objectives and transaction timeline.
Medical Office Properties Across Specialties and Scale.
Each property requires an approach suited to its configuration, occupancy, and intended use.
- Medical Office Condominiums
- Owner-User Medical Office Buildings
- Multi-Tenant Medical Office Buildings
- Dental Office Properties
- Outpatient Clinic Properties
- Specialty Practice & Diagnostic Properties
- Medical Office Campuses & Portfolios
- Repositioning & Conversion Opportunities
- Potential Medical Office Development Sites
Existing improvements and prior medical occupancy do not establish suitability for every practice. Intended uses and specialized requirements are evaluated individually.
The Details That Determine Whether the Property Fits.
Medical office value depends on more than square footage. We help clients identify the physical, financial, and location factors that deserve closer review.
Location & Patient Access
Visibility, transportation access, proximity to the practice’s patient base, and connections to surrounding healthcare services.
Parking & Accessibility
Available parking, drop-off areas, accessible routes, elevator access where applicable, and the ease of reaching the premises.
Layout & Patient Flow
Reception areas, examination rooms, treatment spaces, staff areas, circulation, and the adaptability of the existing floor plan.
Building Infrastructure
Electrical capacity, plumbing, ventilation, floor loads, and other systems that may require specialist review for the intended use.
Improvement Costs & Occupancy Timing
The condition of existing improvements, renovation scope, construction costs, approvals, and the time required to prepare the premises.
Tenancy & Lease Economics
Tenant concentration, lease expirations, rental adjustments, expense recoveries, renewal provisions, and ownership obligations.
Property Expenses & Capital Needs
Operating costs, association charges where applicable, building systems, maintenance, and anticipated repairs or replacements.
Use, Ownership & Contractual Restrictions
Permitted use, condominium documents, recorded restrictions, applicable approvals, and any documented campus or affiliation requirements affecting ownership or occupancy.
From Property Requirements to a Completed Transaction.
Define Your Objectives
Establish your practice or investment goals, budget, financing approach, space requirements, and timeline.
Evaluate the Property
Review location, access, layout, financial performance, tenancy, and comparable market activity.
Validate the Fit
Investigate physical condition, improvement costs, permitted use, ownership restrictions, and specialized requirements with qualified professionals.
Execute the Transaction
Manage negotiations, coordinate due diligence and financing, and guide the purchase or sale through closing.
Frequently Asked Questions
Do you work with healthcare providers purchasing their own premises?
Yes. We help practice owners evaluate medical office condominiums and buildings based on their business objectives, space requirements, location, budget, and occupancy timeline.
How do you evaluate a medical office property’s value?
We consider location, access, parking, building condition, occupancy, lease terms, operating income, and comparable transactions. Existing improvements, ownership restrictions, and anticipated capital requirements also influence the analysis.
Is an existing medical office suitable for any type of practice?
Not necessarily. Different specialties can have different layout, infrastructure, licensing, and approval requirements. Buyers should confirm suitability for their specific operation with qualified design, engineering, legal, and licensing professionals.
What should investors review beyond the cap rate?
Review the legal tenant, lease duration, expense obligations, renewal provisions, tenant concentration, and capital requirements. Consider the costs and time that may be needed to adapt the premises for another occupant if a tenant leaves.
What should I review when purchasing a medical office condominium?
In addition to the premises, review association documents, fees, reserves, assessments, maintenance responsibilities, use restrictions, parking rights, signage rules, and approval requirements for alterations.
Does proximity to a hospital establish a formal affiliation?
No. Location alone does not establish affiliation, referral arrangements, or contractual relationships. Any claimed affiliation or campus agreement should be confirmed through documentation.
Can a conventional office building be converted to medical use?
Some properties may be suitable, but feasibility depends on permitted use, parking, accessibility, building systems, layout, construction costs, and the intended practice. A conversion requires property-specific investigation.
What information should I prepare before selling?
Useful materials include leases and amendments, a current rent roll, operating statements, floor plans, improvement records, and available property reports. For condominium properties, association documents and financial information are also relevant.
Do you advise on larger medical office buildings and portfolios?
Yes. Our approach includes reviewing operating performance, tenant concentration, lease rollover, capital requirements, and the market position of individual assets and the broader portfolio.
Can medical office real estate be considered for a 1031 exchange?
Medical office real estate may be considered, subject to applicable requirements. Your qualified intermediary and tax and legal advisors should confirm eligibility, transaction structure, and the treatment of any non-real-estate assets.
What’s Next for Your Medical Office Property?
Purchasing a location for your practice, acquiring a medical office investment, or preparing to sell? Let’s review your requirements and develop a strategy around the right opportunity.