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Five Reasons For Physicians To Invest In Medical Office Buildings

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Medical office buildings are becoming increasingly attractive to investors and real estate managers due to their stability and upside potential.

Here are five reasons why medical office buildings could be a good investment for physicians, according to a June 5 report from Benzinga and CityVest, a real estate investment platform.

  1. The healthcare industry is resilient through changing economic cycles. The need for healthcare and treatment of patients will always exist and is not subject to market downturns.
  2. There is a trend toward treating patients in medical office buildings and outpatient settings over hospital settings. Medical office buildings often have high occupancy rates and long-term leases.
  3. Medical office building tenants typically stay in one place for a long period of time, so they are willing to accept leases with renewal clauses and steady rent increases. Medical office building tenants have high expenses associated with moving, so retention rates are good.
  4. Medical office buildings draw in a diverse tenant base, with many different specialists that maintain a steady income.
  5. Over 4 million Americans will turn 65 this year, and baby boomers will start needing more medical care. Demand for medical offices will continue as people need more medical care.

 

Source: Becker’s ASC Review

Florida Based Real Estate Developer Sells Medical Office Building For $18.2 Million In Gainesville

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Onicx has sold its class A, 46,483 square foot medical office building to an investor group of Florida Cancer Specialists physicians for $18.2 M.

Gainesville Medical Center

The property is located at 6500 W. Newberry Rd., Gainesville, FL. Completed in 2016, the building is located on the HCA North Florida Regional Medical Center‘s campus, a full-service medical and surgical acute care center.

The building purchase transaction was led by a group of FCS physicians who are current tenants in the building. Dhvanit Patel, CEO and Arjun Choudhary, Vice President led the disposition on behalf of The Onicx Group.

When asked about the purchase, Onicx CEO Dhvanit Patel said, “This is part of a broad trend of physicians interested in owning the real estate they use. Our group is driven by the desire to serve our clients to the best of our abilities by developing patient and physician centric spaces that support our client’s goal of providing excellent care.”

In a statement from Dr. Lucio Gordan of Florida Cancer Specialists regarding the relationship with the Onicx Group, “We partner with Onicx because they have the expertise and experience necessary for execution. They shoulder the burden of development and property management which allows us to focus on our core expertise which is delivering world class cancer treatments.”

Arjun Choudhary, Vice President of Onicx explained, “The current economic conditions have led investors to double down on their bet on healthcare and Onicx can help provide opportunities for real estate investors.”

Onicx has offices in Tampa, Miami and New York and over 50 employees driving its success. They have been listed on the Inc. 5000 list three consecutive years.

 

Source: PR Newswire