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Single-Tenant Office Medical

Fresenius Medical Care

527 E Michigan Ave, Kalamazoo, MI 49007

Listing Price: $2,272,628

Cap Rate
6.85%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
6.3
Guarantor
Corporate Guarantee
Rentable SF
8,168
Lease Type
Double Net
Rent Per Square Feet
$17.59

Investment Overview

The subject offering provides an opportunity for both new and seasoned investors to acquire a Fresenius Medical Care property situated in Kalamazoo, Michigan. The 8,168 square-foot clinic boasts nearly a 20-year operating history and has more than six years remaining on term, with Fresenius having recently exercised their five-year option early. A rental increase of 10 percent is scheduled in September of 2024, along with two percent annual increases come September 2027. At $278 per square foot, this is an excellent opportunity to invest in a recession-resistant property with strong medical fundamentals.

Investment Highlights

  • 20-Year Operating History
  • 10 Percent Rental Increase in 2024
  • 6+ Years Remaining on Term
  • Recent 5-Year Extension

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Single-Tenant Office Medical

Fresenius Medical Care

Listing Price: $2,272,628

Cap Rate
6.85%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
6.3
Guarantor
Corporate Guarantee
Rentable SF
8,168
Lease Type
Double Net
Rent Per Square Feet
$17.59

Investment Highlights

  • 20-Year Operating History
  • 10 Percent Rental Increase in 2024
  • 6+ Years Remaining on Term
  • Recent 5-Year Extension

Investment Overview

The subject offering provides an opportunity for both new and seasoned investors to acquire a Fresenius Medical Care property situated in Kalamazoo, Michigan. The 8,168 square-foot clinic boasts nearly a 20-year operating history and has more than six years remaining on term, with Fresenius having recently exercised their five-year option early. A rental increase of 10 percent is scheduled in September of 2024, along with two percent annual increases come September 2027. At $278 per square foot, this is an excellent opportunity to invest in a recession-resistant property with strong medical fundamentals.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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