Commercial Dental Leasing Las Vegas
Call us at 702-521-9953 today!
LAS VEGAS DENTAL LEASING, BUILDING PURCHASES and PRACTICE SALES
Bridge Commercial Real Estate is the only dental focused commercial real estate company in Las Vegas. Owner/Broker, Jared Bergquist, CCIM and his team focus on delivering the dental community with ethical, intelligent and professional advice on dental office relocation’s, dental office lease renewals, lease renegotiation’s and building purchases. Bridge offers a dental specific view on real estate and in so doing has been successful in assisting dentists in Las Vegas find the perfect dental office situation for their practice for more than 8 years. With our fully confidential and FREE Consultation, Bridge is able to suggest the best office lease scenario for the dentist based on their desired time to sell their practice. Las Vegas contains dozens of 2nd generation dental offices in office and retail properties which simply require equipment. Our team will sit with you to discuss all of the 2nd generation spaces in Las Vegas to determine if one of them could possibly be a better location to relocate your practice. If a brand new office is preferred, Bridge is able to look for optimal retail or office locations that would fit the dentists’ desired patient demographic and assist in identifying competition. Our team will assist in locating a property that offers the highest chance of success for your dental practice. Once a location is identified our team will take the lead on negotiations direct with the owner/broker of the property and see the deal to the end of the transaction – a signed lease. Don’t settle for other Las Vegas Commercial Real Estate Agents who aren’t experts with dental property transactions. Call today to set up a FREE and confidential meeting with Bridge Commercial Real Estate, where we specialize in helping dental offices meet their needs. Looking for Dentist office space in Las Vegas? Give us a call.
Call us at 702-521-9953 today!
INITIAL MEETING When you call to set up a meeting for our initial meeting we take great care to meet at a time that works for your busy schedule. We are careful to meet in a place and at a time that does not disrupt your schedule and that does not interfere with your position with an employer or disrupt your practice. We take great pride in being very confidential in our meetings. Many doctors do not want their employer knowing they may be leaving. The same applies with a doctors staff, many do not want their staff knowing they may be selling or moving. We keep all of our discussions private. In that meeting we will discuss your specific goals and desires for your business or future business. We will discuss your current situation to include your comfort level with dentistry, future plans of growth or downsize, staffing issues or concerns, location effectiveness, current lease payment being “market” price or not, retirement goals and whether or not it makes sense to purchase a building now or later to just name a few. It is our goal to express the importance of surrounding yourself with a team of professionals that will assist you in creating and maintaining a successful practice. There are many successful practices that could do better and there are many more under achieving practices that do not have the skill set or team around them to make that practice the practice the doctor dreamed it could be. We can help with that.
THERE IS NO FEE PAID TO US TO START THIS PROCESS…WE ONLY GET PAID WHEN/IF THE DEAL IS FINALIZED – Once an initial deal is agreed to between the doctor and the owner we proceed to the lease review stage of the deal. We will review the lease on your behalf or meet and discuss if that helps. Leases can be very complex and difficult to understand. We strongly advise you use a qualified real estate attorney to review the lease. We can offer referrals of attorneys we have used before. The charge for using an attorney can range between $7500-$1000 if it is a standard review. Together with that attorney our team will ensure that the lease has all of the language needed to allow you to practice in that space for 20+ years if so desired or allow for a change during the tenancy. We will look for language in that lease that protects you in the event you decide to sell the practice. Once the lease has been carefully reviewed you sign it and in most cases submit first month’s rent/NNN payment and the security deposit (usually equal to first month’s rent/NNN). After the owner signs the lease we have an “executed lease” and a finalized deal. Then we begin the process of space improvement or the build out, depending the situation. Our team will assist in giving you ample suggestions for general contractors, architects, lenders, equipment specialists etc. We will meet with them together and assist with the process to ensure it all goes smooth.
LAS VEGAS DENTAL SITE SELECTION and LEASE NEGOTIATION Though anyone can drive by properties and get a broker’s name/number and call them for space availability we strongly caution that by doing this alone, without a broker representing your interest, can jeopardize your office without knowing you did so. We assist you in finding the perfect location for your practice. We will look at the benefits of office versus retail locations. Not every retail project was created the same. Some projects have a Walmart (Super Center), others with a Smiths (Grocery Anchored center) and there are many more “retail strip centers” that do not have a Walmart of Smiths as the “anchor”. Which makes sense for you? There are price differences to each type of property and each owner will contribute a different “tenant improvement” allowance to you the new tenant. We will go through each option with you and explain the pros and cons and then show you properties that you can choose from depending on your specific practice philosophy and goals. Often an office property can work very well for you IF there is adequate visibility and signage. There are many 2nd generation offices in town available for immediate occupancy. That means a dentist was in that space but left for any number of reasons. We will discuss those spaces and determine if one will make sense for your practice. Taking over a 2nd generation dental office can save you money on the build out and can afford a quick move if needed. We take great caution in advising the doctor on these space considering if they really do improve the doctors practice location and will it assist the doctor in creating his/her dream practice. Moving your practice to a superior location has the “possibility” of assisting with revenue increases upwards of 25%! After we determine the location that works best for you our team will engage the owner or owner’s broker with a Letter of Intent (L.O.I) on your behalf. We will discuss our strategy with you first and once agreed to we will draft, have you sign it and then submit to the owner. Negotiations could take several weeks or even months. We negotiate as aggressively as possible to get you the best possible deal while not ruining the deal by over negotiating. The L.O.I process is NON BINDING which means that if you decide to back out of the deal or look at another property we can do so without any obligation to that L.O.I.
BROKER PAYMENT We are paid by the owner of the property you select. The owner usually hires a local commercial broker to handle the leasing of their property. They sign a contract with that broker. That contract, in most cases, has language that states that the owner will pay that broker 6% commission (6% of the leases total value: all of the lease payments in the first term added up) of any deal they finalize. When you come to any owner’s broker without your own broker that 6% commission is retained fully by the owner’s broker. If you come to the property with your own broker that 6% fee is split; usually 3%/3%. It is important to realize that the owner does NOT save money if you are unrepresented. In most cases they LOSE money because our team will be able to negotiate lower rent, more free rent and a higher tenant improvement allowance than if you did not have a broker. It is our strong opinion if you are NOT represented you WILL lose money! The sad part of that is most doctors do not realize how much they could have saved if a qualified dental specific broker represented their interest! AND it costs you NOTHING! Just a $.05 difference on a lease rate over a 10 year period on a 2,000 SF office can mean the difference of $12,000 in your pocket OR the owner’s pocket. That is just $.05!
DO I PAY THE BROKER IF I DON’T SIGN Our personal motto has always been to serve the dental community by doing the right thing for them! We are happy to assist in this process with the understanding that if a deal is signed we will get paid but understand that plans change. If a doctor decides to change their plans at ANY point in the process, whether it is 1 week into working together or 1 year, you owe us nothing. We do not make you sign a contract at any point of this process. We do business the right way and in so doing we get many word of mouth referrals. We enjoy working with the dental community and honestly have found great purpose in being a part of so many doctor’s team!