Investment Overview

Marcus & Millichap is pleased to present this 7,104 square foot, build-to-suit facility for Fresenius Kidney Care. Located in Sebastian, Florida this attractive freestanding medical office building situated on 1.10 +/- acres was carefully site selected by Fresenius. The tenant currently has six years remaining on the original fifteen year lease term. During the term of the lease there will be 1.70 percent annual rental increases. The strength of Fresenius as the tenant with a corporate guarantee from Fresenius Medical Care Holdings, Inc. (Moody’s Baa3 Stable Rated) allows for a strong, low risk investment. Located in Sebastian, Florida this dialysis clinic benefits from being situated less than one mile from the 178 bed Sebastian River Medical Center and less than 1.5 miles from the 332 bed Cleveland Clinic - Indian River Medical Center. Additionally, the clinic is within close proximity to six assisted living facilities, illustrating the presence of elderly people in the area creating synergy for the tenant. The facility has 13 patient stations including one located in a separation room and has two additional home therapy rooms. Within a 10-mile radius of the subject property the population has grown by approximately 29 percent from 2000 to 2010 demonstrating strong growth in the immediate area. The city of Sebastian, Florida is located in Indian River County situated between Melbourne and Vero Beach in an area known as the Treasure Coast.