Orthodontic Specialists of Oklahoma
The following case study highlights one of many ways we help our clients succeed at the highest level in their healthcare real estate transactions. As every property requirement, deal structure, and negotiation is unique to each practice owner, we strive to find solutions that provide maximum benefits to our clients.
Scenario
Our client, Orthodontic Specialists of Oklahoma, wanted to add a fourth location to their group of practices in a high growth area of Oklahoma City where two of their doctors reside. They had never done a ground up construction project and among other things were a bit nervous about being able to run three other locations while managing the construction of a fourth.
Delivery
We worked with the group of doctors to determine their appetite for their investment of time and resources. It became clear that they were looking for a scenario where a developer could take them through the entire process of going from raw land to a finished product and even share in some of the costs.
We scoured the market for the best developers and land opportunities in the area, and assembled a list of the land options for a tour and developers for interviews. We performed a comparative analysis of the various properties to help with evaluation and negotiation.
Results
Ultimately, we were successful in securing a prominent piece of land that was larger than their needs, but because of the developer we brought on board, we were able to deliver Orthodontic Specialists of Oklahoma exactly what they requested. We saved them nearly $100,000 on the land acquisition cost alone and a huge amount of time, as this was a particularly tough Seller.
The premium property also attracted two other clients to build their dream buildings on the property, allowing the client to only have to purchase the amount of land needed for their location, which reduced their land costs significantly while delivering them the visibility and location that they desired.
“CARR has been great to work with. They are responsive, honest, respectful of our time and fun to work with. They have a great ability to teach about real estate during the discovery period. This is very important to us so that we are able to fully evaluate all of our options. Their vast experience, specifically in healthcare real estate, gives them a unique understanding of our needs from both the clinical and business perspectives. We consider CARR to be an integral part of our team.”