Proven in over 1,800 buildings
Core Plus, Remote Medical Office Building Connected to Hospital
The Building
76,000 square foot Medical Office Building connected to a hospital in a relatively isolated area of Idaho. No local service technicians nor on-site facility engineer. Two large air handlers operated by an obsolete control system, only accessible on the premises.
Making matters more challenging, the air handler control system was not integrated with the building management system that monitored and maintained comfort in tenant suites. Comfort issues were frequent and not easily addressed.
Project Investment
A controls contractor was flown in to upgrade the control system and unify the air handler controls with the tenant suite controls. As part of this upgrade, over-pressurization in ductwork was corrected and simultaneous heating and cooling reduced.
Remote access to the air handlers was established, and tenant comfort inside the suites was significantly improved.
Tenant Savings
After netting out the shared savings fee, total tenant costs were reduced by $16,000 per year.
The landlord did not amortize any of the project costs through to tenants.
New Landlord Income
After netting out Carbon Lighthouse's provider cut, the site is now receiving $5,100 per year in rent from Carbon Lighthouse.
The Result
In total, the building owner invested $37,000 to generate $5,100/yr in rental income, yielding a 14% return on cost while materially improving the building.
Tenants received a net reduction in their expense pool of $16,000, plus a more comfortable & reliable building.
