Fresnius Medical Care Fresno, California

Sold
Property Type: Office

Property Details

  • Building Size: 16,012± SF
  • Lot Size: 1.10± Acres
  • CAP Rate: 5.50%
  • Construction Date: 1974, Remodeled in 2014

Description

● Corporate lease guarantees from Fresenius Medical Care Holdings, Inc.
● Over 10 years remaining on primary lease terms
● 2% annual rent increases
● Limited landlord responsibilities
● Brand new HVAC units
● State-of-the-art medical facility renovated in 2014
● Concrete building with high residual value
● High occupancy metro business park location
● Adjacent to Fresno Yosemite International Airport
● Only 5 Miles from downtown Fresno
● Surrounded by businesses, medical offices, and national and regional retailers
● 369,781 population and over $59,500 average household income with 5 miles