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Single-Tenant Office Medical

Fresenius - Corporate Guarantee - New 5 Yr Lease Extension

1320 Mickley Rd, Whitehall (Allentown MSA), PA 18052

Listing Price: $3,706,000

Cap Rate
6.75%
Tenant Name
Fresenius
Years Remaining On Lease
4.8
Gross SF
10,170
Guarantor
Corporate Guarantee
Rentable SF
10,170
Price/Gross SF
$364.41
Lease Type
Double Net
Rent Per Square Feet
$24.60

Investment Overview

Fresenius Medical Care (NYSE: FMS) is the world's leading provider of products and services for individuals with renal diseases, of which approximately 4.2 million patients worldwide regularly undergo dialysis treatment. Dialysis is a vital blood cleansing procedure that substitutes the function of the kidneys in case of kidney failure. Fresenius Medical Care offers products and services along the entire dialysis value chain from a single source.

Whitehall Township is a township in Lehigh County, Pennsylvania, home to roughly 29,000 residents. Whitehall Township is a suburb of Allentown in the Lehigh Valley metropolitan region, which has a population of over 862,000 people. The township is roughly 64 miles northwest of Philadelphia and 94 miles west of New York City.

Investment Highlights

  • 5 Years Remaining on Corporate Lease with Fresenius (NYSE: FMS)
  • 3% Annual Increases Throughout the Base Term and Renewal Options
  • Growing Trade Area in the Allentown MSA - 224,505 Residents within a 5-Mile Radius
  • Located in a Dense Retail Corridor in Immediate Proximity to Walmart, Lowe's, Whitehall Mall, Lehigh Valley Mall, and Other National Tenants
  • Fresenius Medical Care Operates ±3,700 Dialysis Clinics Across the Globe

Broker of Record

  • Timothy B. Stephenson Jr.

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Single-Tenant Office Medical

Fresenius - Corporate Guarantee - New 5 Yr Lease Extension

Listing Price: $3,706,000

Cap Rate
6.75%
Tenant Name
Fresenius
Years Remaining On Lease
4.8
Gross SF
10,170
Guarantor
Corporate Guarantee
Rentable SF
10,170
Price/Gross SF
$364.41
Lease Type
Double Net
Rent Per Square Feet
$24.60

Investment Highlights

  • 5 Years Remaining on Corporate Lease with Fresenius (NYSE: FMS)
  • 3% Annual Increases Throughout the Base Term and Renewal Options
  • Growing Trade Area in the Allentown MSA - 224,505 Residents within a 5-Mile Radius
  • Located in a Dense Retail Corridor in Immediate Proximity to Walmart, Lowe's, Whitehall Mall, Lehigh Valley Mall, and Other National Tenants
  • Fresenius Medical Care Operates ±3,700 Dialysis Clinics Across the Globe

Investment Overview

Fresenius Medical Care (NYSE: FMS) is the world's leading provider of products and services for individuals with renal diseases, of which approximately 4.2 million patients worldwide regularly undergo dialysis treatment. Dialysis is a vital blood cleansing procedure that substitutes the function of the kidneys in case of kidney failure. Fresenius Medical Care offers products and services along the entire dialysis value chain from a single source. Whitehall Township is a township in Lehigh County, Pennsylvania, home to roughly 29,000 residents. Whitehall Township is a suburb of Allentown in the Lehigh Valley metropolitan region, which has a population of over 862,000 people. The township is roughly 64 miles northwest of Philadelphia and 94 miles west of New York City.

Broker of Record

  • Timothy B. Stephenson Jr.

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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