Fresenius Dialysis Clinic - Jefferson City, TN

Office for Sale
Catylist Listing ID: 30204968
Property Subtypes: Medical, Net Leased
Building Size (RSF): 6,048 SF
Gross Land Area: 4.16 Acres
Sale Price: $1,202,963
Unit Price: $198.90 PSF
Property Use Type: Investment
Building Name: Fresenius Dialysis Clinic
Class of Space: Class A
Usable Size (USF): 6,048 SF
Sale Terms: Cash to Seller
Cap Rate: 6.75%
Average Occupancy Rate: 100
Last Updated: 2/21/2018

Overview / Comments

Suburban Knoxville location has never been offered for sale previously. Long term tenant recently renewed for a 5-year term beginning in Fall 2017. 2% annual rent increases plus (2) 5-year renewal options.

Recent upfit included parking lot resealing and striping and roof maintenance.

Minor LL responsibilities: parking lot repair, major HVAC repair, roof and structural.

Current Tenants

Tenant Business Name Bio-Medical Applications of TN, Inc. dba Fresenius Medical Care
Website URL www.freseniuskidneycare.com
Industry Type Health Care and Social Assistance
Is Renting? Yes
SF of Space Occupied 6,048 SF
Current Rent $13 PSF (Annual)
Escalations 2% annual
Options 2 of 5 years each

Additional Details

Nearest MSA: Morristown
County: Jefferson
Taxing Authority: Jefferson County
Tax ID/APN: 033 031.10
Property Located Between: Knoxville and Jefferson City
Property Visibility: Excellent
Highway Access: 4-lane
Site Description: Rear area would potentially allow additional construction of a less intense use but would require significant grading.
Area Description: Jefferson City is a bedroom community east of Knoxville. The City is home to Carson Newman college and is minutes from Knoxville on the West and nearby Gatlinburg and Sevierville.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2007
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Parking Ratio: 5.8 (per 1000 SF)
Parking Type: Surface
Parking Description: Asphalt
Total Parking Spaces: 35

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,747 18,055
Median Age: 41.59 37.06
Households: 2,633 6,709

Contact

Photograph of Listing Agent

Michael E. Green, CCIM MAI SIOR

Green Commercial Realty,Inc. NETAR CMLS Member
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