# Medical Office Offering Memorandum Template (Markdown)

Free Medical Office Offering Memorandum structure from IntellCRE (intellcre.com/models/medical-office-offering-memorandum-template/). Anything in [square brackets] is a placeholder to replace with your own facts. Nothing here is real property data.

How to use: paste this into Claude, ChatGPT, Gemini or any assistant together with your deal facts, or fill it in by hand and paste it into your own document.

Skip the typing: IntellCRE builds this from your deal documents. Try it, free to start: https://app.intellcre.com/register

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## 1. Intro

- **Cover Page:** [Property name]; [Address]
- **Presented By:** [Brokerage]; [counsel-approved disclaimer]

## 2. Executive Summary

- **Price estimate:** [$]
- **Price per SF:** [ ]
- **In-place cap rate:** [ ]
- **Occupancy:** [ ]
- **WALT:** [ ]
- **Health system affiliation:** [ ]
- **Tenant improvement investment:** [ ]
- **Rentable building area (SF):** [ ]
- **Campus proximity (on / adjacent / off campus):** [ ]
- **Year built / renovated:** [ ]
- **Parking ratio:** [ ]
- **Specialized build-out (imaging, procedure rooms):** [ ]
- **Expense structure:** [ ]

## 3. The Asset

- **Property Overview:** [Description]
- **Photos and Area:** [Captions; area description]
- **Points of Interest:** [List with distances]

## 4. Tenant Roster by Specialty

- **Tenant / practice:** [ ]
- **Specialty:** [ ]
- **Suite:** [ ]
- **SF:** [ ]
- **Rent per SF:** [ ]
- **Lease end:** [ ]
- **Physician count:** [ ]

## 5. Healthcare Tenancy and Campus Context

- **Item:** [ ]
- **Detail:** [ ]
- **Source:** [ ]

## 6. Financials

- **Income and Expenses / Development Budget:** [Current and proforma; source and period]
- **Assumptions:** Renewal probability for specialty tenants, TI allowance and unamortized TI, Downtime on rollover, Expense recoveries, Rent escalations, Exit cap rate

## 7. Sale Comparables

- **Sale Comps Summary:** Building SF, Year built, Sale price, Price per SF, Cap rate, Occupancy at sale, Health system tenant

## 8. Rent Comparables

- **Rent Comps Summary:** Property, Campus status, Suite size, Asking rent per SF, Expense basis, TI package

## 9. Market Overview

- **Submarket medical office vacancy:** [Value; source and date]
- **Average asking rent per SF:** [Value; source and date]
- **Hospital and health system presence:** [Value; source and date]
- **Population age 65 and over:** [Value; source and date]
- **Physician supply:** [Value; source and date]
- **Outpatient care trend:** [Value; source and date]

## 10. Advisory Bios and Contact Us

- **Advisors:** [Name, title, license, contact]

---

## Drafting rules

- Use only facts the user supplied. Never invent property data, tenants, statistics, comps or quotes.
- If a fact is missing, write [TBD: what is needed] in its place.
- Every market statistic needs its source and date as given by the user; otherwise mark it [TBD: source and date].
- Show arithmetic for any figure you derive and flag it as calculated.
- Write in plain, factual US English. Avoid unsupported superlatives.
- Avoid this medical office mistake: treating medical office as general office without support.
- Avoid this medical office mistake: ignoring the cost of specialized build-out on re-lease.
- Avoid this medical office mistake: claiming a health-system affiliation that no document shows.
- Avoid this medical office mistake: skipping a note that leases need healthcare counsel review.
- Leave confidentiality and disclaimer text as [Insert the brokerage's counsel-approved language]; do not write legal text.