Vision Source of Trophy Club
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 local agent visited Dr. Lam to see if he needed assistance with his upcoming lease expiration. He preferred not to move, and was ready to renew his lease for another 10 years. So, when COVID hit, Dr. Lam reached out to the landlord for assistance but was denied. It was at that point Dr. Lam asked CARR to pursue relocation options and figure out how he could make the most of his next transaction.
Delivery
We located a newer and more visible location about a ½ mile away from his current practice. Dr. Lam had previously tried to negotiate a lease at this other property on his own unsuccessfully. With CARR’s help, we were able to negotiate $5.50 less per square foot in starting rent compared to his existing lease terms, 5 months of buildout time and 4 months of free rent!
Results
We negotiated $141,000 in total deal savings for Dr. Lam! He parted ways with the old location and landlord, and is poised for great success for the next 10 years!
“I had a great experience working with CARR. Their expertise was invaluable when working with the current location and market climate. I would definitely recommend them to anyone!”
