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Single-Tenant Office Medical

Fresenius Medical (Duke University)

1507 W Pettigrew St, Durham, NC 27705

Listing Price: $4,479,000

Cap Rate
5.00%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
5.4
Gross SF
9,857
Guarantor
Corporate Guarantee
Rentable SF
9,857
Price/Gross SF
$454.40
Lease Type
Double Net
Rent Per Square Feet
$22.72

Investment Overview

The tenant is Bio-Medical Applications of North Carolina, Inc. d.b.a. Fresenius Medical Care and the guarantor is Bio-Medical Applications Management Company, Inc. Fresenius Medical Care is the premier health care company focused on delivering the highest quality care to people with renal and other chronic conditions. Worldwide, more than 3.4 million patients with this disease regularly undergo dialysis therapy, a vital blood cleansing procedure that substitutes the function of the kidney in the case of kidney failure. Fresenius performed approximately 50 million dialysis treatments in 2018. One of two dialysis machines worldwide is made by Fresenius Medical Care. The company employ more than 120,000 people around the world. The Company offer dialysis services and products in more than 150 countries

Investment Highlights

  • Irreplaceable Duke University Location
  • Long Term Tenant (Over 25 years at location)
  • Corporate Backed Lease (Investment Grade Tenant)
  • Three Percent Annual Increases

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Financing By

Single-Tenant Office Medical

Fresenius Medical (Duke University)

Listing Price: $4,479,000

Cap Rate
5.00%
Tenant Name
Fresenius Medical Care
Years Remaining On Lease
5.4
Gross SF
9,857
Guarantor
Corporate Guarantee
Rentable SF
9,857
Price/Gross SF
$454.40
Lease Type
Double Net
Rent Per Square Feet
$22.72

Investment Highlights

  • Irreplaceable Duke University Location
  • Long Term Tenant (Over 25 years at location)
  • Corporate Backed Lease (Investment Grade Tenant)
  • Three Percent Annual Increases

Investment Overview

The tenant is Bio-Medical Applications of North Carolina, Inc. d.b.a. Fresenius Medical Care and the guarantor is Bio-Medical Applications Management Company, Inc. Fresenius Medical Care is the premier health care company focused on delivering the highest quality care to people with renal and other chronic conditions. Worldwide, more than 3.4 million patients with this disease regularly undergo dialysis therapy, a vital blood cleansing procedure that substitutes the function of the kidney in the case of kidney failure. Fresenius performed approximately 50 million dialysis treatments in 2018. One of two dialysis machines worldwide is made by Fresenius Medical Care. The company employ more than 120,000 people around the world. The Company offer dialysis services and products in more than 150 countries

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

Financing By

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