Medivest brochure

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Give your practive A NEW LEASE ON LIFE In Calgary, more than 95% of medical office space is leased. Unless you are one of the few medical and health services practitioners who have chosen the benefits of investing in their own office space, your hands are tied when it comes to how your building is maintained and managed, you suffer the inconvenience of badly designed spaces just to be in a convenient location, you pay more to ensure secure parking for your patients, and you lose money each time you make leasehold improvements to a building that you don’t own. Once you make the leasehold improvements, and your lease term completes, your landlord raises your rent!

Most medical and healthcare practitioners are missing out on the beneffits of owning their own office space: can you afford to be one of them?

Medivest Professional Centre Inc. 2500 sq. ft. Purchase vs. Lease Scenario PURCHASE OPTION (2ND FLOOR) Base Building +

$50/sq.ft. Improvement

Square Feet Parking Stalls Asset Cost Total Condo and Parking Stall Cost Add Improvement Costs ($50/sq.ft.)

Add Base Building Finishing @$5 per sq. ft.

Total Asset Cost New First Mortgage (75%) Cash to Close (25%)

Condo Parking

$425.00/sq.ft $35,000.00/stall

ANNUAL SERVICING COSTS

Mortgage Payment (4% 25yr Amort) Parking Recovery Patients/Staff ($200/stall/month) Annual Condo Fees at $11.00/sq.ft (Operating Cost) Total Annual Carry Cost Total Monthly Cost Total Carrying cost per sq. ft.

$119,301.48 $(36,000.00) $27,500.00 $110,801.48 $9,233.46 $44.32

TYPICAL LEASE

Leasing Expense Operating Expense Parking Expense Total Annual Expense Total Annual Expense per sq. ft.

2500 15 $1,062,500.00 $525,000.00 $1,587,500.00 $125,000.00 $12,500.00 $1,725,000.00 $1,293,750.00 $431,250.00

$26.50 $16.50 $200.00

PURCHASE VS. LEASE COMPARISON

$66,250.00 $41,250.00 $36,000.00 $143,500.00 $57.40

Rent Reduces Mortgage over 5 Years (Principal Reduction) Sales Price Appreciation @ 3.25% Annually for 5 years (17.34%) Total Yield and Equity Gain - 5 Years 5 Year Equity Gain on Purchase 5 Year Equity Gain on Lease After 5 Years Purchasing vs. Leasing Difference

$167,490.30 $299,115.00 $466,605.30 $466,605.30 $466,605.30

Annual Cost to Own Annual Cost to Lease Annual Savings Advantage over Leasing Annual Savings Advantage over Leasing as a Percent

$110,801.48 $143,500.00 $32,698.52 30%

ANNUAL COST TO OWN VS. LEASE

Owners enjoy 30% lower operating costs

info@medivest.ca | www.medivest.ca Call: 403.830.5771

WEALTHCARE: Customize your medical condo to suit your needs and watch it appreciate in value.

There has never been a better time to purchase your own medical office condo. After 20 years of being a tenant, you will have nothing to show for all the money you have invested in your office space whereas, if you were to buy or mortgage the space, at the end of 20 years you would have equity, the benefit of the improvements you have made to the building, and the appreciation in land value. Despite market ups and downs, real estate is always worth something.

Your financial planner would recommend that you lease depreciating assets such as an automobile, and that you purchase appreciating assets like real estate.

Now is the time to get out of yout leased office space.

As a medical and health services practitioner, your needs are different to those of other businesses. Leasing office space that isn’t ideal means funding improvements out of your own pocket. There is an alternative, one that gives you purpose-designed office space in the perfect location – and puts money back into your pocket.

MEDIVEST Professional Centre is at the forefront of medical realty development. This new, four storey medical office building brings together varied practitioners, each in their owned space, sharing the benefits of a medically themed building. The custom-designed building is dedicated to meeting the specific needs of healthcare practitioners such as yourself, and your patients.

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GREAT REASONS TO INVEST IN A MEDIVEST MEDICAL CONDO Future-forward investment opportunities keep up with advances in healthcare.

Owning your own medical condo gives you the fexibility to make the changes you need, when you need them.

Buying your medical once condo can be good for you.

Owning a medical condo in a building designed exclusively for healthcare practitioners means fewer headaches for you and your patients. Already built with your unique needs in mind, any improvements simply add value to your investment.

Grow the financial side of your healthcare business.

With all the business and tax challenges predicted in healthcare management, isn’t it comforting to know that there are opportunities for wealth development? You could sell your medical condo when you retire, or continue to own it and collect rent from younger physicians. With a bit of forward thinking you can realise some down-the-road income potential.

You already know that you are an excellent tenant

With owning, you become the tenant and the landlord and start paying yourself.

Contemporary medical mall concept on main floor Professional medical office condos for sale Unique investment opportunity for the Health Care Industry Professional

Medical Office Condos Prime Central north Calgary location 72,000 sq.ft. of medical space on 4 floors

278 Parking Stalls 6 stalls/1,000 sq. ft.

All parking underground, heated & secured

Contact us today to get more information on the benefits of owning your own medical condo in the Medivest Professional Centre Call: 403.830.5771 | info@medivest.ca | www.medivest.ca