Fresenius - Buffalo, NY MSA

Office for Sale
Catylist Listing ID: 30395189
Property Subtypes: Business Park, Medical, Office Building
Building Size (RSF): 7,500 SF
Gross Land Area: 96,268 SF
Sale Price: $2,200,000
Unit Price: $293.33 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Fresenius Medical Care
Class of Space: Class A
Usable Size (USF): 7,500 SF
Sale Terms: Undisclosed, Cash to Seller
Auction Type: Absolute
Cap Rate: 7.91%
Average Occupancy Rate: 100
Last Updated: 7/28/2021

Overview / Comments

Hold Thyssen, Inc. is pleased to offer for sale a net-leased dialysis clinic in the Buffalo MSA leased to Fresenius Medical Care. With 5+ years remaining, the lease includes attractive 2% annual rent increases throughout the primary term and option period, and is guaranteed by Fresenius Medical Care Holdings, Inc. an investment grade tenant. Priced at a going in cap rate of 7.91% this offering provides an investor with the opportunity to acquire a quality medical office property leased to a national tenant.

Current Tenants

Tenant Business Name Fresenius Medical Care
Is Renting? Yes
SF of Space Occupied 7,500 SF
Current Rent $167,333 PSF (Annual)
Escalations Annual 2% Increases
Options One 5 year Renewal Option
Tenant Notes Fresenius Medical Care Holdings, Inc. is a division of Fresenius Medical Care AG & Co. KGAA (NYSE: FMS), the world’s leading provider of dialysis products and services treating more than 339,500 patients in 3,990 clinics. Fresenius Medical Care’s corporate headquarters are in Bad Homburg v.d.H., Germany. The headquarters of North America are in Waltham, Massachusetts and the headquarters of Asia-Pacific are located in Hong Kong. As of May,2019 the Company boasts an investment grade credit rating of “BBB / Stable” by Standard & Poor’s.

Additional Details

Nearest MSA: Buffalo-Cheektowaga
County: Niagara
Taxing Authority: Town of Wheatfield, Niagara County, NY
Tax ID/APN: 177.03-1-81.4
Property Visibility: Good
Highway Access: Located in the Woodlands Corporate Center off of Niagara Falls Blvd the area's primary north/south arterial road
Airports: Buffalo Niagara International Airport - 15.6 miles
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,500 SF
Year Built: 2011
Roof Type: Flat
Construction/Siding: Concrete
Parking Ratio: 5.6 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 73
Zoning Description: M-1 - Light Industrial Districe
Lot Frontage: 577
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,800 52,111 138,715
Median Age: 41.78 40.97 41.64
Households: 1,957 21,891 56,344


Photograph of Listing Agent

Richard Fisher

Hold-Thyssen, Inc.
CE-FL Member
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