Office Medical
Fresenius - St. Paul, MN
586 Rice St, Saint Paul, MN 55103
Listing Price: $4,300,000
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in a freestanding, single-tenant medical office occupied by Fresenius Medical Care (the “Asset”) located in Saint Paul, Minnesota. The Asset serves as a critical care facility for Fresenius, offering life-sustaining dialysis treatment to patients in the greater Saint Paul area. Constructed in 2019 as a purpose-built facility for Fresenius, the property was designed to meet the company’s specific operational and technical requirements. Fresenius signed a 15-year lease in 2018, and today their are eight years of firm term remaining. The lease features a triple net structure, requiring minimal landlord responsibilities, and provides for 1.5% annual rental increases, ensuring consistent income growth throughout the remaining term.
Strategically located in Saint Paul, Minnesota, the Asset benefits from strong surrounding medical demand drivers, an established population base, and excellent accessibility. The property features a dedicated parking lot providing convenience for patients and staff. This offering presents a rare opportunity to acquire a stabilized medical office asset backed by an investment grade tenant, offering passive ownership, steady rent growth, and long-term security supported by the tenant’s mission-critical operations and the intrinsic value of the underlying real estate.
Fresenius - St. Paul, MN
Investment Highlights
- Purpose built single-story medical office constructed in 2019
- In-place lease with Fresenius has over 8 years of firm term remaining with 1.5% annual rent increases
- Well located at a signalized intersection within one mile from downtown St. Paul with a 361,543 population within a 5 mile trade area
- Vacant 700 SF retail suite provides the opportunity for additional income in the future through lease-up
Listing Price: $4,300,000
Investment Highlights
- Purpose built single-story medical office constructed in 2019
- In-place lease with Fresenius has over 8 years of firm term remaining with 1.5% annual rent increases
- Well located at a signalized intersection within one mile from downtown St. Paul with a 361,543 population within a 5 mile trade area
- Vacant 700 SF retail suite provides the opportunity for additional income in the future through lease-up
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in a freestanding, single-tenant medical office occupied by Fresenius Medical Care (the “Asset”) located in Saint Paul, Minnesota. The Asset serves as a critical care facility for Fresenius, offering life-sustaining dialysis treatment to patients in the greater Saint Paul area. Constructed in 2019 as a purpose-built facility for Fresenius, the property was designed to meet the company’s specific operational and technical requirements. Fresenius signed a 15-year lease in 2018, and today their are eight years of firm term remaining. The lease features a triple net structure, requiring minimal landlord responsibilities, and provides for 1.5% annual rental increases, ensuring consistent income growth throughout the remaining term. Strategically located in Saint Paul, Minnesota, the Asset benefits from strong surrounding medical demand drivers, an established population base, and excellent accessibility. The property features a dedicated parking lot providing convenience for patients and staff. This offering presents a rare opportunity to acquire a stabilized medical office asset backed by an investment grade tenant, offering passive ownership, steady rent growth, and long-term security supported by the tenant’s mission-critical operations and the intrinsic value of the underlying real estate.
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