Fully built-out medical space can be difficult to come by. The Medical And Legal Arts Building, located at 2000 McDonald Road in South Elgin, Illinois, is a move-in ready space
Tag: Purchase Negotiations
The tenant improvement dollars differ based on a number of variables including motivation of the landlord or owner, other monetary negotiations such as sale price or rental rate, and other concessions the landlord or owner have made for this particular real estate transaction.
Similar to using a Realtor to look for and purchase a home, a commercial real estate broker helps clients look for and either rent or purchase office, retail, medical, or industrial space and land. This process is known as tenant representation and is a very common practice for many businesses looking to move, expand, or add additional locations.