An independent Medical Office Feasibility Study evaluating a 19-building medical office village on 12.18 acres in Foley, Alabama.
FOLEY, Alabama — Wert-Berater, Inc., an independent feasibility study consulting firm serving lenders and government agencies since 1998, has completed a Medical Office Feasibility Study in Foley, Baldwin County, Alabama.
Wert-Berater served as independent feasibility consultant to the developer's capital partners. Party names are withheld consistent with the confidential nature of underwriting and capital-advisory work; figures represent the project as evaluated at the study date.
A 12.18-acre suburban medical village proposing approximately 68,000 square feet of medical office space distributed across nineteen buildings of 3,500 to 4,920 square feet — a deliberately decentralized campus design serving physician practices that favor identity, signage, and potential ownership over space in a consolidated MOB. Tenant interest at study date was oversubscribed, including specialties favoring condominium-style ownership, supporting a hybrid lease-and-sale absorption strategy.
Nineteen medical office pads with full site infrastructure: internal roadways, parking fields, stormwater systems, and utility laterals, with pad-consolidation flexibility engineered in — adjacent 3,500 SF pads sharing utility laterals can convert to 7,000 SF suites if demand favors larger tenants.
The study evaluated the proposed financing structure against program coverage minimums under base-case and stressed assumptions, with sources and uses reconciled to the development budget across the hybrid lease-and-sale absorption program. Specific facility terms are withheld consistent with engagement confidentiality.
The multi-building format carries a structural per-square-foot cost premium: infrastructure, lobbies, and utility connections are duplicated across nineteen structures, and the village consumes acreage faster than a consolidated design. The study's value-engineering pass — rationalized parking, consolidated stormwater basins, clustered utilities, phased roadways, reduced ornamental landscaping — identified $2.0–2.5 million in upfront savings and $2.5–3.0 million in ten-year operating efficiencies, cutting total project cost by nearly 8 percent without compromising the patient or provider experience.
Wert-Berater, Inc. is an independent feasibility study consulting firm founded in 1998, providing lender- and agency-facing feasibility studies, highest-and-best-use analyses, and capital-advisory support. The firm has completed 4,000+ engagements across all 50 states and internationally, evaluating over $41.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. In every engagement, fiduciary duty runs to the lender and the applicable agency.
Media contact: Donald Safranek, MSc, President, Wert-Berater, Inc. — +1 310-857-2443 ext. 800. Press inquiries only; client, lender, and property identities remain confidential.
President, Wert-Berater, Inc. — independent feasibility study consultants since 1998. 4,000+ engagements completed across all 50 states and internationally, evaluating $41.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. Fiduciary duty runs to the lender and agency in every engagement.
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Schedule a ConversationIndependent feasibility studies since 1998 — 4,000+ engagements, $41.2 billion in evaluated project value. Standard delivery in 10 to 15 business days. Fiduciary duty to the lender and agency.
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Wert-Berater, Inc. is an independent provider of feasibility studies and other related services. The firm does not provide financing or equity investment advice, and does not arrange, broker, or place debt or equity capital of any kind.
All appraisal assignments are performed by Bruce E. Jones, MAI, ASA-GC, BCA, CMEA, a member of the Appraisal Institute since 2006, a staff member of Wert-Berater, Inc. and owner of Special Purpose Realty Valuation.