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Self-storage facility sourcing across Missouri corridors and small-town markets, with occupancy and expense review for 1031 replacement.
Explore
Rent roll analysis for Missouri replacement candidates, covering lease expirations, delinquency, concessions, and income durability before.
Explore
Trailing twelve month financial review for Missouri 1031 replacement candidates, reconciling income, expenses, and net operating income before.
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Compare Missouri 1031 replacement candidates against sale comps, rent comps, and cap rates to keep deadline pressure from driving overpayment.
ExploreA medical office replacement search is run as a scoped sourcing engagement, not a browsing exercise. The exchanger sets asset criteria, the sourcing team builds a submittal package, and every candidate is screened against tenancy, buildout, and financing line items before it reaches the identification list. The scope is documented in writing at the outset so a candidate added on day forty is judged against the same standard as the first one circulated on day one.
Before any candidate is circulated, the engagement scope is fixed in writing: target price band, minimum square footage, tenant credit tier, and acceptable lease term remaining. Medical office carries more variables than general office because tenant improvements, equipment, and referral patterns attach directly to income durability.
The scope also sets out what is excluded, including vacant shell space, single-tenant owner-occupied clinics without assumable leases, and buildings requiring capital work beyond the exchanger's stated tolerance.
A written scope memo is circulated to brokers and sellers so incoming submissions already match the exchanger's price band and tenant profile, which reduces the number of candidates that would fail diligence on the first pass through the file.
In the St. Louis metro, sourcing typically runs through the Clayton, Chesterfield, and Creve Coeur corridors, where medical office stock sits near hospital campuses and established referral networks. Springfield candidates cluster around the CoxHealth and Mercy Springfield service areas, and Columbia searches concentrate near MU Health Care and Boone Hospital Center.
Kansas City is tracked at a statewide level for comparison purposes, and smaller submarkets along the I-70 corridor are pulled in when a candidate meets the price and tenancy criteria even without a major hospital anchor nearby.
Suburban medical office in these corridors tends to trade at different pricing than downtown or campus-adjacent buildings, so the submittal package notes submarket context alongside the asking price so the exchanger can weigh location against yield directly rather than comparing headline numbers alone.
Every candidate that clears the initial screen is assembled into a single file with the same line items in the same order, so the exchanger can compare candidates side by side instead of reading several differently formatted broker packages.
Any missing line item is flagged rather than filled in with an assumption, so the exchanger knows precisely what still needs confirmation before a candidate can move onto the identification list.
Every candidate submittal carries a flag list: tenant improvement obligations still owed, assignment and subordination clauses, specialized systems such as imaging suites or medical gas lines, and CAM reconciliation history. A candidate with unresolved TI obligations or a single-provider concentration above the exchanger's tolerance is marked for further review rather than dropped straight onto the identification list.
Assignment language matters in particular, since a lease that requires landlord consent to assign on sale can slow a closing that is already working against the 45-day and 180-day clock, so this clause is checked early rather than discovered during a final title review.
Once a candidate clears diligence, the file is handed to the qualified intermediary and the exchanger's lender for parallel review, with the exchanger's CPA or tax advisor looped in on structure questions. Sign-off happens before the identification deadline, not after, so the exchanger is choosing among cleared candidates rather than racing the calendar.
A short closing memo accompanies each cleared candidate, summarizing outstanding items and the expected path to closing, so every party working the file is looking at the same status instead of reconstructing it from separate email threads.
Enough to satisfy the three-property rule or the 200% rule comfortably, usually three to five candidates with full diligence files, so the exchanger has genuine options rather than a single take-it-or-leave-it property. Backup candidates stay in the file even after a lead candidate is chosen, in case financing or title issues surface late.
Yes. Single-tenant clinic review focuses on assignability and guarantor strength, while multi-tenant buildings require a fuller tenant roster and lease-expiration review across every suite. A multi-tenant building with staggered lease terms is generally treated as lower risk than one where several leases expire in the same year.
Like-kind treatment for real property is broad, so asset type generally does not block the exchange; investors should confirm the specifics with their tax advisor or qualified intermediary before relying on it. The sourcing scope focuses on income and tenancy fit rather than trying to match the relinquished property's prior use.
A site-condition review is coordinated with the exchanger's broker and, where needed, an engineer or contractor, and the findings are attached to the submittal package for the exchanger and lender to review together. Specialized medical systems, such as imaging equipment infrastructure, are called out separately from general building condition.
A term sheet or preliminary lender indication is requested for each serious candidate before it is added to the submittal package, so a property is not carried forward on the assumption that financing will work out once the exchanger is already under contract.