The FMC Warner Robins is a 6,600 SF freestanding medical building built in 1997 on an 88,862 SF lot (7.43% coverage). It is a beautiful, well-located facility with excess land for expansion within the Warner Robins Metropolitan Statistical Area. Fresenius Medical Care has occupied this build-to-suit facility for 17 years and has the FMC regional office and training center in the adjacent office building. The facility is operating near capacity with over 340 procedures per week. The Acquisition Cost ($238.63/SF) is significantly below replacement cost for this building with improvements estimated to be $350.00/SF. The contract rent of $1.65/SF NNN is 18% below market rent of $2.00/SF NNN.
The building is located in a business park to the rear of Target anchored power center and within 1⁄4 mile of the regional center named Houston County Galleria. The property was originally acquired in 1997 for $1,100,000. The most recent CAPEX improvements included a new 40-year roof and HVAC in 2013. The octogenarian owner sold due to poor health and estate planning. The lease for this facility was recently extended.
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