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905 Clingan Ridge Dr NW
Cleveland, TN 37312
Fresenius Medical Care · Office Property For Sale

Property Facts

Property Type
Office
Property Subtype
Medical
Building Size
7,284 SF
Building Class
B
Year Built/Renovated
1997/2017
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,284 SF
Building FAR
0.11
Lot Size
1.59 AC
Zoning
CH
Parking
41 Spaces (5.63 Spaces per 1,000 SF Leased)

Amenities

  • Security System
  • Signage
  • Air Conditioning

About 905 CLINGAN RIDGE DR NW , CLEVELAND, TN 37312

Fresenius Medical Care is the largest provider of renal care in both the United States and across the world. Fresenius delivers services to patients with chronic kidney failure and end stage renal disease. Fresenius has a net worth exceeding $22.50 billion and currently holds S&P’s Investment Grade credit rating of “BBB Stable”. It offers dialysis treatment, and related laboratory and diagnostic services through a network of 3,579 outpatient dialysis clinics in approximately 45 countries worldwide; and dialysis services under contract to hospitals in the United States for the hospitalized ESRD patients and for patients suffering from acute kidney failure. Per the most recent Centers for Medicaid and Medicare Services report, the subject property’s private payor mix is more than three times the national average; thus, inferring a much higher profit margin relative to other dialysis facilities throughout the US. Operating at an ideal utilization rate, the facility currently dialyzes on a two-rotation basis, 6 days per week. While maintaining strong patient counts, the facility has the capacity to offer a third shift should future patient demand increase; therefore, creating a High-Barrier-to-Entry for other dialysis providers. Specific to this facility’s triage of services offered, the practice offers traditional hemodialysis, as well as two additional procedural modalities: (i) pertioneal dialysis, a more specialized form of treatment which involves the surgical placement of a continuous, machine-free filter; and (ii) home dialysis services, a 4 to 8 week dialysis training program offered to patients that meet the requirements necessary to perform in-home hemodialysis. With three specific treatment options, the practice benefits by offering a more comprehensive dialysis solution, tailored to each patient’s needs.

Property Taxes

Property Taxes

Parcel Number
041L-E-001.02
Land Assessment
$112,320
Improvements Assessment
$392,000
Total Assessment
$504,320
  • Listing ID: 11339674

  • Date on Market: 1/23/2018

  • Last Updated:

  • Address: 905 Clingan Ridge Dr NW, Cleveland, TN 37312

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