Offering Memorandum

Investment Sale

Fresenius Medical Care – St Johns, MI

975 E Townsend Rd
St Johns, Michigan

eCode:025i

Sales Price

$3,097,420

NOI

$154,871

Cap Rate

5.00%

Lease Expiration

4/30/2029

Building Size

8,897 SF

Lot Size

2.89 AC

Year Built

2014

Traffic Count

E Townsend Rd (2,799 CPD)
Old US-127 (10,755 CPD)

Highlights

  • Essential Tenant
  • Corporate Guaranty to Fresenius Medical Care Holdings Inc
  • 2014 Construction | Build-to-Suit for Fresenius
  • High Performing Clinic
  • New Lease Renewal
  • NN Lease
  • Strong Commercial Location

SIMILAR PROPERTIES

Single-Tenant
1007 Memorial Rd
Houghton, Michigan

$5,468,750 | 14,550 SF
Single-Tenant
139 Javit Court
Austintown, Ohio

$3,279,859 | 10,505 SF
Single-Tenant
28805 Mound Rd
Warren, Michigan

$1,358,518 | 2,178 SF
Multi-Tenant
3309-3139 Oak View Dr
Omaha, Nebraska

Unpriced | 91,350 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement