Project Overview
Medicus Capital is serving as the developer/owner of a new $18 million state-of-the art digitally integrated medical office building (MOB) on Medicorp’s new hospital campus located in Stafford, Virginia.
The three-story, 60,000 square foot building will be the only MOB connected to the new hospital. The MOB will attach to the hospital via a covered walkway to the hospital’s first floor. In addition to physician office space, the MOB will house the hospital’s Cancer Center, which includes compreshesive cancer and radiation therapy. Additionally, the MOB will feature an outreach laboratory, diagnostic imaging, physical and occupational therapy and a timeshare suite available for physicians to lease space on a part time, shared basis.
Project Services
- Feasibility services
- Strategic facility and master planning
- Marketing and leasing
- Development
- Ownership Structuring
- Financing Procurement
- Off-balance sheet / off-credit financing / ownership
Challenges
- Integrate design and construction of MOB into the hospital project
- Managing budget in rapid cost escalation market
- Physician recruitment for new facility in new marketplace
- Meeting aggressive completion and opening schedule
- Structuring and securing financing in midst of national capital crisis
Results
- Medicus owner/developer of MOB
- Design building that integrates with exterior design of the hospital
- MOB design and construction meeting hospital’s aggressive completion schedule
- MOB designed in cost effective manner to meet market-based rents
- Recruitment of new physicians to community and as tenants to MOB
- MOB being delivered in midst of national capital crisis