4008 E Parham Rd
Richmond, VA 23228
Fresenius · Office Property For Sale

Marcus & Millichap has been exclusively retained to offer for purchase this new 7,194 SF, build-to-suit for Fresenius Kidney Care. Located a few miles north of downtown Richmond in Henrico, Virginia, this attractive freestanding medical office building site selected by Fresenius Kidney Care formally Fresenius Medical Care. With a 15-year net lease that will start in July of 2017, this new critical care dialysis center property makes for excellent real estate opportunity. The strength of Fresenius as the tenant with a corporate guarantee from Fresenius Medical Care Holdings, Inc. allows for a stable, low risk investment. Fresenius Medical Care Holdings employs more than 100,000 people in more than 50 countries around the world, which includes approximately 60,000 in North America and has been developing and producing dialysis products for more than four decades. The parent company Fresenius Medical Care AG has an Standard & Poor’s rating of BBB- Stable investment grade. During the term of the lease there will be 1.70% annual rent increases providing long-term stable cash flow and clear appreciation in value of the asset. Fresenius will invest several thousand dollars into the facility in improvements establishing the medical infrastructure for the long term occupancy. Fresenius Kidney Care also has three five-year options to extend the lease with the 1.70% annual rent increase structure continuing at the beginning and through each renewal period. Fresenius is responsible for the day-to-day maintenance of the property, leaving the investor a credit rated, passive investment. The clinic will feature 13 dialysis stations including one private station and is ideally situated in an active commercial area just a short distance from the Henrico County Municipal campus; this Fresenius facility will serve the area and the surrounding region with this specialized dialysis care and treatment. Richmond is a large market with over 1,260,000 people in the growing, thirteen county MSA. The importance of a specialized facility of this kind is critical to the patients in need of treatment, as there is currently no cure for renal or kidney failure, which is irreversible. This medical procedure is provided to those in need up to four times a week. The number of Americans suffering from this medical condition is unfortunately growing at a steady pace.