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.