Investment Overview

4555 E Inverness Avenue is a ±3,596 SF standalone medical office condominium situated in Mesa, Arizona’s medical district. Located within the Three Falls Business Center, it is directly across from key facilities including Arizona Spine and Joint Hospital, Banner Gateway Medical Center, and Arizona Health and Technology Park, with easy access just south of US60. The area boasts an average household income of $97,420 within a two-mile radius, and the daily traffic count at N Greenfield and E Baseline is 29,046 vehicles. Originally built in 2003 and extensively renovated in 2020 for its current occupant, Cardiovascular & Arrhythmia Institute (C.A.I), a subsidiary of Fresenius Medical Care, the building focuses on cardiovascular and vascular disease treatments, particularly through a cardiac catheterization lab. The lease is valid until January 31, 2025, with two optional two-year renewal periods. Upon renewal, rent will be adjusted to align with market rates for 2025 and 2027. The current Net Operating Income (NOI) is $81,600, and the lease is backed by a corporate guaranty from Fresenius Medical Care Holdings. Fresenius Medical Care is a global healthcare provider specializing in kidney disease treatment. As the world's leading supplier of kidney dialysis products, they hold a 38% share of the U.S. dialysis market. In addition to dialysis, Fresenius offers a broad array of supplementary services, including patient treatments, technology development, research, vascular access care (through the Cardiovascular & Arrhythmia Institute), laboratory and diagnostic services, urgent care centers, and hospitalist and post-acute care providers. Fresenius is dedicated to slowing the progression of kidney disease and enhancing health outcomes.