The 10,440 sf property was built in 2001 and listed for sale at $2,595,650. Fresenius Medical Care (FMC) has invested over $1,000,000 in capital improvements to the facility in remodeling and parking lot repairs, sealing and striping. It treats over 200 patient visits per week. Bedrock Investments Group (BIG) acquired a tenants in common (TIC) interest in the center to facilitate this 1031 exchange.
Fresenius SE& Co. KGAA (ETR: FRE) dba Fresenius Medical Care (FMC) is the world’s largest, integrated provider of products and services for individuals with chronic kidney failure, a condition that affects more than 2.2 million individuals worldwide. Through its network of 3,160 dialysis clinics in North America, Europe, Latin America, Asia-Pacific and Africa, FMC provides dialysis treatment to 257,916 patients around the globe. FMC is also the world’s largest provider of dialysis products, such as hemodialysis machines, dialyzers and related dialysis center disposable products. this FMC center is surrounded by numerous healthcare facilities, a medical center, and several hospitals. The original lease was extended for an additional seven (7) year period.
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