Fresenius Medical Care | 6826 Madison Ave
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Fresenius Medical Care 6826 Madison Ave
11,847 SF Office Building Indianapolis, IN 46227 £2,690,846 (£227/SF) 6% Net Initial Yield
Investment Highlights
- Investment-grade tenant: “BBB” rated - Fresenius - Leading dialysis provider globally with 4,000+ clinics worldwide
- Outparcel to Dollar General-anchored center
- Multiple senior housing complexes nearby
- This Facility is open 6 days/week, indicating strong performance - Tenant has operated at this site since 2017
- Direct frontage to primary Madison Ave thoroughfare — 21,000+ VPD
- New $18M Apartment Development East of Property - 93 Units
Executive Summary
Century Partners is pleased to present the opportunity to acquire a Fresenius Medical Care center located in the Southport submarket of Indianapolis, Indiana.
The property is located outparcel to a Dollar General-anchored center, and benefits from direct frontage to Madison Ave, a major thoroughfare in the submarket, 21,000+ VPD passing daily. The property benefits from multiple senior housing complexes within a 1-mile radius.
Fresenius is a eading dialysis provider globally with 4,000+ clinics worldwide and is rated Investment-grade tenant: “BBB” rated by S&P. Tenant has operated at this site since 2017, and the facility is open 6 days/week, indicating strong performance.
Indianapolis has a job growth rate of 2.9% from 2021 to 2024, surpassing the state average of 2.0%. Indiana has seen a 6% population growth over the last 10 years.
Marketed in Association with Scott Reid & ParaSell, Inc. | A Licensed Indiana Broker #RC51900187
The property is located outparcel to a Dollar General-anchored center, and benefits from direct frontage to Madison Ave, a major thoroughfare in the submarket, 21,000+ VPD passing daily. The property benefits from multiple senior housing complexes within a 1-mile radius.
Fresenius is a eading dialysis provider globally with 4,000+ clinics worldwide and is rated Investment-grade tenant: “BBB” rated by S&P. Tenant has operated at this site since 2017, and the facility is open 6 days/week, indicating strong performance.
Indianapolis has a job growth rate of 2.9% from 2021 to 2024, surpassing the state average of 2.0%. Indiana has seen a 6% population growth over the last 10 years.
Marketed in Association with Scott Reid & ParaSell, Inc. | A Licensed Indiana Broker #RC51900187
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,847 SF
Building Class
C
Year Built
2017
Price
£2,690,846
Price Per SF
£227
Net Initial Yield
6%
NOI
£161,452
Tenancy
Single
Number of Floors
1
Typical Floor Size
11,847 SF
Building FAR
0.22
Lot Size
1.23 AC
Zoning
ZO01
Parking
34 Spaces (2.87 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 49-15-07-154-009.000-500 | Improvements Assessment | £828,380 |
| Land Assessment | £149,996 | Total Assessment | £978,376 |
PROPERTY TAXES
Parcel Number
49-15-07-154-009.000-500
Land Assessment
£149,996
Improvements Assessment
£828,380
Total Assessment
£978,376
Contacts
-
Aaron Garcia -
Kyle Gulock -
Matt Kramer -
Joshua Berger -
Century Partners Real Estate Inc.
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Fresenius Medical Care | 6826 Madison Ave
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