Investment Overview

Marcus & Millichap is pleased to present this 6,023 square foot, build-to-suit facility for Fresenius Kidney Care. Located in Ashland, Ohio this attractive freestanding medical office building situated on 1.30 +/- acres was carefully site selected by Fresenius. The tenant currently has six years and eight months remaining on the early executed five-year extension. During the term of the lease there will two percent annual rental increases until May 31, 2027. Beginning on June 1, 2027 through May 31, 2032 there will be three percent annual rental increases. Fresenius has been in operations at this location since the building was completed in 2007 specifically for the tenant. The commitment to the location paried with an early lease renewal that runs through May 31, 2032 allows for a stable, low-risk investment. Located in Ashland, Ohio this Fresenius dialysis facility benefits from being situated approximately 2.5 miles from the University Hospital Samaritan Medical Center. In addition, the facility is located within close proximity to nine assisted living / retirement facilities creating synergy for the tenant. The next closest dialysis facilities are located 15.7 miles, 15.8 miles & 22 miles away. The facility operates for dialysis treatment six days per week, approximately 66 hours per week demonstrating the need for treatment in the area while enabling the tenant to add additional shifts over time. This Fresenius is the only dialysis facility located in Ashland County and the two referring nephrologists in the area are with Ohio Health and University Health.