Have you tried to recruit a:
-- podiatrist
-- chiropracter
-- psychologist
-- nutritionist
-- dentist
-- or some specialist physician that may benefit from your referrals (s.a. a gastroenterologist, pulmonologist, oncologist, rheumatologist, etc)
There are many possibilities. I'm currently considering subleasing to a dentist.
Note: once the lease is over, you should look for a property to BUY. Since I've purchased my next-to-hospital office in 1995, it's gone up 300% in price (it's now worth ~ $1 million, even in a depressed market), and at the end of next year my 15 year least ends, which is when life gets really good! I've been able to offset the mortgage payments with rental income in about 7 of the 12 years, which is great.
My father, a surgeon, rented for 30 years an office which I took over upon his death, and I too rented for 5 years. After 35 years of property usage, we had absolutely NO equity, and I was paying $5000 a month for a 1500 sq ft office from 1990 thru 1995. I'm now paying ~$3000 to pay off my mortgage and to pay condo fees on this 2100 sq. ft property. Don't stay a renter for life. Look for a decent purchase option. You can discuss the situation with the hospital and see if they are willing to sell you the office.
Good luck!
AL
