Fresenius Medical Care – Ogden, UT

Property Details

  • Tenant

    Fresenius Medical Care
  • Year Built

    2017
  • Total Sq. Ft.

    7,256
  • Property Type

    Single-tenant, freestanding, medical
  • Lease Type

    Near Triple-Net lease
  • Lease Term

    15 Years

Property Profile

Through their industry-leading network of more than 3,500 dialysis facilities, outpatient cardiac and vascular labs, and urgent care centers, as well as the country’s largest practice of hospitalist and post-acute providers, Fresenius Medical Care provides coordinated health care services at pivotal care points for hundreds of thousands of chronically ill customers throughout the continent. As the world’s only vertically integrated renal company, they also offer specialty pharmacy and laboratory services, as well as manufacturing and distributing the most comprehensive line of dialysis equipment, disposable products and renal pharmaceuticals.

Ogden, UT

Farr West is a beautiful suburb of the thriving Ogden, Utah Metropolitan Area. The city of Ogden is located at the Northern end of the vaunted Watch Front Region, which is home to some 2.5 million residents, roughly 80% of Utah’s population. Ogden serves as a regional economic hub for northern Utah. The Internal Revenue Service has a large presence in Ogden and is the city’s largest employer. The Business Depot Ogden, formerly an army depot, was restructured to be a 1,000-plus acre business park and is home to numerous companies. The city offers all the benefits of urban life, along with incredible access to the outdoors. Residents enjoy a very high quality of life and low cost of living. Ogden is home to Weber State University, Ogden-Weber Applied Technology College and Stevens-Henager College. The area was recently named by Forbes Magazine as one of the “best places for business and careers” and “best cities for raising a family.”

Purchase Price: $6,250,000

Annual Rent

Mar 2018
$312,658
5.00%
Mar 2019
$317,973
5.09%
Mar 2020
$323,378
5.17%
Mar 2021
$328,876
5.26%
Mar 2022
$334,467
5.35%
Mar 2023
$340,153
5.44%
Mar 2024
$345,935
5.53%
Mar 2025
$351,816
5.63%
Mar 2026
$357,797
5.72%
Mar 2027
$363,879
5.82%
Mar 2028
$370,065
5.92%
Mar 2029
$376,356
6.02%
Mar 2030
$382,755
6.12%
Mar 2031
$389,261
6.23%