Laguna Woods, CA
Snyder Langston constructed the three-story, 42,000 s.f. steel framed medical office building. The exterior is plaster with a four-foot stone wainscot and clay-tile mansard roof. Tenant improvements were also provided for the second-floor occupants, South County Orthopedic Specialist.
During early budget reviews we verified the largest building possible and determined that the Owner's pro forma was anticipating a bigger building, hence the rent to be generated could not support the land price. The Owner, who was in escrow for the purchase of the land, took our advise and renegotiated the deal, which saved them $400,000, or about $10 per square foot of building area.