Historical Office Sale Listing - Fresenius Medical Care

Office For Sale

This Office property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Office For Sale, Knoxville, TN or Tennessee

Fresenius Medical Care

732 East Emory Road, Knoxville, TN 37938

N/A

10,951 SF | Office

  • Print

Office Property - Off Market

Price:
N/A
Building Size:
10,951 SF
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
8%
Tenancy:
Single
Year Built:
2009
Lot Size:
1.44 AC
Listing ID
16281176
Last Updated
over 1 year ago

Highlights

  • New 12-year NN Lease with Fresenius Medical Care Holdings, Inc (FMCH)
  • FMCH is a subsidiary of Fresenius Medical Care (NYSE: FMS), the world's largest provider of products and services for dialysis
  • Fresenius is the leading provider of dialysis care in the US with a market share of about 33%
  • FMCH reported a net income of $523M +/- in 2008, a 9% +/- increase from 2007
  • In 2008, the global dialysis market grew by around 5% to approximately $65 billion
  • The subject property is located about ½ mile from St. Mary's Medical Center North (72 beds, 572 physicians)

Description

Fresenius Medical Care Holdings, Inc. ( FMCH ) has signed a 12-year NN Lease with a 12% increase in Lease Year 7. FMCH is a subsidiary of Fresenius Medical Care (NYSE: FMS), the world's largest integrated provider of products and services for individuals undergoing dialysis because of chronic kidney failure, a condition that affects more than 1,770,000 individuals worldwide. Through its network of 2,448 dialysis clinics in North America, Europe, Latin America, Asia-Pacific and Africa, Fresenius Medical Care provides dialysis treatment to 187,476 patients around the globe. Fresenius Medical Care is also the world's leading provider of dialysis products such as hemodialysis machines, dialyzers and related disposable products. Fresenius Medical Care is the leading provider of dialysis care in the United States with a market share of about 33%. Together, Fresenius Medical Care and the second largest dialysis care provider DaVita treat almost 63% of all US dialysis patients.

In 2008, Fresenius Medical Care Holdings reported a Net Worth of over $5.1 Billion, a 7% +/- increase from 2007 ($4.8 Billion).

The subject property is a 10,951 +/- sq. ft. freestanding Fresenius Medical Care located in Knoxville, TN, approximately 8 miles north of downtown. The property is approximately ½ mile from St. Mary's Medical Center North, which is East Tennessee's newest state-of-the-art, 72 bed, 572 physician full-service hospital. The medical center has private patient rooms with dedicated family spaces including: a sleep sofa, wireless Internet access and a second TV. Other area traffic generators include: Ingles, Holiday Inn, Comfort Inn, several strip centers, Regions Bank, O'Reilly Auto Parts, CVS, Arby's, McDonald's, Zaxby's, Wendy's, Krystal, and Subway. The property is approximately 1 mile east of Interstate 75.

Map of 732 East Emory Road, Knoxville, TN 37938 (Knox County)

Research for 732 East Emory Road, Knoxville, TN 37938 (Knox County)

  • Demographics – Population, income & other demographics near 732 East Emory Road
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building