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Fresenius Kidney Care 5316 Hoag Dr 8,156 SF Office Building Elyria, OH 44035 $2,233,489 ($273.85/SF) 6.50% Cap Rate
Investment Highlights
- Long Lease Term – There is approximately 8.9 years remaining on the current term of the lease.
- Tenant recently exercised an early lease extension – In 2023, Fresenius executed a new 10-year lease running through February 28, 2035.
- Above Average Dialysis Stations Location – With 20 in-center dialysis stations, this facility exceeds the national average.
- Nearly 30-Year Operating Tenure at This Location – Tenant has been operating at this location for ~30 years.
- Sticky Tenant – ESRD patients require dialysis three times per week for life — missing sessions can be fatal.
- Long-Standing CMS Medicare Certification — This facility holds active CMS Medicare certification
Executive Summary
Matt Wallace
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Building Size
8,156 SF
Building Class
B
Year Built
1996
Price
$2,233,489
Price Per SF
$273.85
Cap Rate
6.50%
NOI
$145,177
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,156 SF
Building FAR
0.15
Lot Size
1.25 AC
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-00-001-000-104 | Improvements Assessment | $324,905 |
| Land Assessment | $85,761 | Total Assessment | $410,666 |
Property Taxes
Parcel Number
03-00-001-000-104
Land Assessment
$85,761
Improvements Assessment
$324,905
Total Assessment
$410,666
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Fresenius Kidney Care | 5316 Hoag Dr
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