New Dental Office: RM & LM Dental
Summary
Crown Tenant Advisors helped a dental client to receive a total benefit of over $437,000.
Challenge
- Assist two-doctor practice with opening a new dental office.
- Locate specific buildings that would accommodate determined needs.
- Mitigate out-of-pocket expenses for a new practice.
Solution
- Aligned clients’ real estate needs with ideal location for practice.
- Took advantage of real estate market and the building’s occupancy to encourage the landlord to provide an aggressive below-market deal.
- Achieved an aggressive Rental Rate, Tenant Improvement Allowance, and Free Rent.
Benefits
- $248,710 of Tenant Improvement Allowance to be used by the doctors to build out space.
- 10 months of Free Rent to be used at the beginning of the lease term.
- Reduction of over $135,660 off the marketed Rental Rate over the term.