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1899 N Helm Ave
Fresno, CA 93727
Fresenius Medical Care | Fresno, CA · Office Property For Sale

Property Facts

Property Type
Office
Property Subtype
Medical
Building Size
16,012 SF
Building Class
A
Year Built/Renovated
1974/2014
Tenancy
Single
Building Height
1 Story
Typical Floor Size
16,012 SF
Building FAR
0.33
Lot Size
1.10 AC
Zoning
M-1-P
Parking
53 Spaces (3.31 Spaces per 1,000 SF Leased)

About 1899 N HELM AVE , FRESNO, CA 93727

The Fresno Fresenius Clinic is 16,058 square foot state-of-the-art medical facility that was recently renovated in 2014. Approximately 12,000 square feet is leased to Fresenius for their hemodialysis practice which is designed to provide state-of-the-art kidney dialysis care and consulting. The remaining 4,058 square feet is leased to the Fresenius Home Unit which is used for training and administrative services. Both units are leased for an initial 15-year term followed by three, 5 year options. The Hemodialysis lease includes 2% annual rent increases and the Home Unit includes extremely rare 3% annual increases. Both leases are guaranteed by Fresenius Medical Care Holdings, Inc. (FMCH). The clinic is extremely well located within the Fresno Airport Center Business park, a 54-acre business park located less than half a mile from Fresno Yosemite International Airport. The clinic is surrounded by other medical tenants and national retailers including Home Depot, CVS and Rite Aid and is just 5 miles from Downtown Fresno. Furthermore, the population within a 5-mile radius of the facility exceeds 364,000 residents. Fresno is the 5th largest City in California and 34th largest in the United States. It is located 220 miles northwest of Los Angeles, 170 miles south of Sacramento and 185 miles south of San Francisco. 2015 audited year end financials for FMCH reflect a net worth of $10.44 billion, with 2015 net income exceeding $883 million. FMCH is a wholly-owned subsidiary of Fresenius Medical Care AG & Co. KGaA, which is 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 1,890,000 individuals worldwide. The parent company is listed on both the Frankfurt Stock Exchange and the New York Stock Exchange (NYSE: FMS).

Property Taxes

Property Taxes

Parcel Number
494-294-12
Land Assessment
$408,000
Improvements Assessment
$6,222,000
Total Assessment
$6,630,000
  • Listing ID: 11518746

  • Date on Market: 2/7/2018

  • Last Updated:

  • Address: 1899 N Helm Ave, Fresno, CA 93727

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