At The Top - December 2007

Venture Corporation

Affordable Office Ownership Opportunities

Venture Corporation, a national developer of medical and professional offices, has several programs designed exclusively for the development and ownership of office space throughout the Las Vegas Valley. Ranging from a single physician office to large multi-specialty medical groups and professional offices, Venture’s specialty programs give medical practices and businesses affordable ownership options.

“The desire to own office space versus leasing continues to be strong in Las Vegas,” said Mike Young, Venture’s Nevada Region CEO, “But with the shift in the market and growing interest rates, owning your own space can seem overwhelming and unfeasible for small, and even large, businesses. Venture provides ownership options that are specific to the buyer and fit their needs both financially and professionally.”

Venture’s no cash investment ownership option provides the advantages of real estate ownership, including equity-building and tax benefits that are usually only available to landlords. Physicians, medical groups and business owners can have ownership in buildings that are designed and constructed exclusively for them. Not only does the program cover all required capital, participants don’t need to qualify or guarantee loans.

“Medical professionals spend the majority of their career at the same location,” said Young. “Landlords make profits from the rental income and a doctor renting space could pay the landlord’s entire mortgage during the course of the lease. Real estate ownership provides tax benefits, equity and appreciation that are never earned by being a landlord’s tenant.”   

“Our design-build approach is customized for each doctor,” said Young. “Efficiency is priority – we want the doctors to be able to spend their time being doctors, not contractors. We have refined the process so there are minimal design and budget meetings. Completion of the project is managed by our team of healthcare design and construction experts with experience ranging from basic patient offices to extensive outpatient surgery and comprehensive cancer centers.”

Venture’s current office park locations and give buyers access to key population centers around the Valley and near some of Las Vegas’ largest hospitals.     

Venture currently has four developments in the Las Vegas Valley. Venture Professional Plaza Ft. Apache is a 120,000-square-foot medical professional development at the intersection of Fort Apache and Russell. Hualapai Pavilion Commons is 62,000 square feet of medical offices in the Summerlin area including dentistry, optometry, orthopedics and outpatient surgery. Breaking ground this fall, Centennial Hills Center is a 25-acre, 300,000-square-foot, commercial mixed-use project including 150,000 square feet of medical office space in the Northwest, a half-mile from the new Centennial Hills Hospital. Venture Carmichael Plaza is a 60,000-square-foot building, on Horizon Ridge and Carmichael Way in Henderson.