Fresenius Medical Care
11,304 SF | Office Building | Houston, TX 77089 | $5,804,000 ($513/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,804,000
- Property Type
-
Office
- Square Feet
- 11,304 SF
- Price / Square Foot
- $513
Listing Contacts
Craig Tomlinson
Verified Profile
- Property Info
Property Overview
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building of a single-tenant medical office facility located at 12727 Beamer Road, Houston, Texas (the "Property" or the "Offering"). The Property is a one-story, 11,304 square-foot medical building on approximately 1.28 acres. It is 100% leased by Bio-Medical Applications of Texas, Inc. and guaranteed by Fresenius Medical Care Holdings.
Fresenius is one of the largest kidney care companies in the world with a network of nearly 4,100 outpatient dialysis clinics globally. Fresenius holds a ‘Baa3’ credit rating with Moody’s and a ‘BBB-’ rating with S&P. The Property was a 2015 build-to-suit, with custom layout for Fresenius' full range of renal care services. The original 15-year lease has more than six (6) years of primary lease term remaining and three (3), five (5) year renewal options. There is a ten percent (10%) rental increase in 2025. Fresenius is responsible for all Taxes, Insurance, and all non-structural maintenance.
Fresenius Medical Care is located right off the well-traveled Beamer Road and maintains easy access to two of Houston’s most traveled highways, Interstate 45 and Sam Houston Parkway. The subject Property is located right outside Beltway 8, Houston’s second loop, and is less than 20 miles away from downtown. The Property also benefits from being located in a large medical community with close proximity to Memorial Hermann Southeast Hospital and several other medical office buildings.
The successful investor will acquire a modern, well-maintained medical clinic leased on a long-term, NNN basis, to an investment-rated tenant, located in a hospital setting in the fourth most populous city in the United States.
In association with Brian David Corriston, Texas Broker, TX Lic. #516241
Fresenius is one of the largest kidney care companies in the world with a network of nearly 4,100 outpatient dialysis clinics globally. Fresenius holds a ‘Baa3’ credit rating with Moody’s and a ‘BBB-’ rating with S&P. The Property was a 2015 build-to-suit, with custom layout for Fresenius' full range of renal care services. The original 15-year lease has more than six (6) years of primary lease term remaining and three (3), five (5) year renewal options. There is a ten percent (10%) rental increase in 2025. Fresenius is responsible for all Taxes, Insurance, and all non-structural maintenance.
Fresenius Medical Care is located right off the well-traveled Beamer Road and maintains easy access to two of Houston’s most traveled highways, Interstate 45 and Sam Houston Parkway. The subject Property is located right outside Beltway 8, Houston’s second loop, and is less than 20 miles away from downtown. The Property also benefits from being located in a large medical community with close proximity to Memorial Hermann Southeast Hospital and several other medical office buildings.
The successful investor will acquire a modern, well-maintained medical clinic leased on a long-term, NNN basis, to an investment-rated tenant, located in a hospital setting in the fourth most populous city in the United States.
In association with Brian David Corriston, Texas Broker, TX Lic. #516241
Property Details
- Class
- B
- Year Built
- 2015
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 55,757 SF
Highlights
- Dominant Medical Corridor
- Minimal Landlord Responsibilities
- Long-Term Lease
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