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Medical Property

Medical Property for Sale

Commercial medical property includes office buildings, clinics, retail medical centers and extended care facilities. Columbus, Ohio, is a prime location for medical facilities due to rapid market growth and healthcare expansion projects. OSU Wexler and OhioHealth have expanded into the area, offering multiple outpatient facilities, hospitals and freestanding clinics. That provides ample opportunities for investment if you’re looking to diversify your commercial portfolio. The diverse population of professionals, students and families creates a consistent demand for accessible medical care.

Benefits Of Buying
Medical Space

Investing in medical space gives you access to income diversity, which can help hedge against inflation and promote asset growth. People will seek medical care regardless of the state of the economy. Aging population growth also contributes to the increased demand for routine visits, disease management and urgent care facilities. You’ll likely encounter the following benefits, too.

Long-Term Lease Opportunities

Relocating medical practices is inconvenient for patients and expensive for tenants, so they’re more likely to stay in the same place. Medical offices and clinics tend to require longer leases that can last upward of seven years at the least. That provides you with a predictable income for an extended period without the risk of high turnover and vacancies. That allows you to shore up your margins even if the economy takes a downturn.

Long-Term Lease Opportunities

Long-Term Lease Opportunities

Relocating medical practices is inconvenient for patients and expensive for tenants, so they’re more likely to stay in the same place. Medical offices and clinics tend to require longer leases that can last upward of seven years at the least. That provides you with a predictable income for an extended period without the risk of high turnover and vacancies. That allows you to shore up your margins even if the economy takes a downturn.

Demand for Essential Services

People will need to visit a primary physician or specialist throughout their life, whether they’re a child going for a booster shot or a senior getting an eye exam. Medical professionals continue to advocate for more preventive care, increasing the demand for convenient consumer access. The growing population in Columbus means there are more people from across the country and the globe looking for health services outside their doorstep.

Demand for Essential Services

Demand for Essential Services

People will need to visit a primary physician or specialist throughout their life, whether they’re a child going for a booster shot or a senior getting an eye exam. Medical professionals continue to advocate for more preventive care, increasing the demand for convenient consumer access. The growing population in Columbus means there are more people from across the country and the globe looking for health services outside their doorstep.

High-Quality Tenants

Medical tenants tend to have stronger credit profiles than other commercial renters. That means lower default risk and better loan terms when looking at financing options. Regional health systems, specialty groups and hospital networks are stabilized by the presence of entities like OSU Wexner Medical Center and OhioHealth.

High-Quality Tenants

High-Quality Tenants

Medical tenants tend to have stronger credit profiles than other commercial renters. That means lower default risk and better loan terms when looking at financing options. Regional health systems, specialty groups and hospital networks are stabilized by the presence of entities like OSU Wexner Medical Center and OhioHealth.

Is Buying Medical Space a Good Investment?

If you’re looking for a sustainable commercial investment that provides steady cash flow, then medical spaces are ideal for your portfolio. Because medical tenants typically reside in one place for a long time, they’re more likely to pay for buildouts to accommodate their patients’ needs. That provides you with a predictable income that can resist recessions and economic changes. There’s a well-established healthcare infrastructure in Columbus, so you can find properties located near medical campuses and corridors that are attractive for potential tenants. DRK and Company has extensive experience in the local commercial real estate market, so our team can help you find an investment opportunity that suits your needs.

Frequently Asked
Questions

Whether you’re looking for a quick answer or more extensive insight, we have answers to common questions about investing in medical spaces.

What is considered commercial medical real estate?

Medical properties include office space, surgical centers, urgent care facilities, hospitals, specialty care buildings and outpatient clinics.

What factors may influence a property’s investment performance?

The success of your commercial investment is dependent upon tenant quality and credit, location, leasing options, property condition and zoning restrictions.

Are there risks associated with investing in medical properties?

As with any commercial investment, medical spaces come with risks, such as high tenant concentration, healthcare regulations, buildout limits and interest rate fluctuations.