Selling
Determining the value of a veterinary property is more than looking at local rent and sales comps. With over 20 years of experience in both the real estate and veterinary spaces, the Terravet team has the industry knowledge to analyze your practice properly and pay fair value for the real estate.
Veterinary Leases
Most veterinary properties are single-tenant properties. As a result, the structure of the lease is paramount in driving the value. Here are some questions to consider:
Who is guaranteeing my lease?
What is a market lease term and how do extension periods work?
Who is generally responsible for upkeep (roof, parking lot)?
How does the lease impact the potential sale or value of my property and practice?
Our past success paves the way
for your future success.
"Terravet stepped into a situation where our landlord was uninterested in providing renovation capital and partnered with us to update the facility so that we could provide better workflow and recruit new veterinarians in order to grow our practice."
-Sean Maniar, Co-Owner, Rockaway Animal Hospital
“I would recommend Terravet to anyone looking to sell their veterinary real estate. When I decided to sell my practice to a corporate group, my goal was to have an exit strategy that was clean and complete. Terravet made it possible to achieve my goal. They had the industry knowledge to understand that my practice would be a valuable tenant. They offered me a fair price for the building, split closing costs with me equally, and were very helpful when I had to work through some non-traditional bond and easement issues to sell the property. They also agreed to close the real estate sale on the same day the sale of the practice closed, which allowed me to achieve a clean, complete exit from
the business."
-Janice Homan, Seller, Seneca Hill Animal Hospital
"Selling something you spent a lifetime building can be a daunting task but Terravet helped make the transition into the next chapter of my life smooth and seamless and the integrity of their team allowed me to sleep well through
the process."
- J. Dean Hunter, Seller,
After Hours Animal Hospital