Triple-net leased Fresenius Medical Care Building sells for $1.75M
Colliers International in Greater Phoenix has recently completed the sale of the triple net leased Fresenius Medical Care Building in Chandler for $1.725 million, or $232 a square foot.
Prescott-based Cowboy Town, LLC, purchased the building, located at 912 W. Chandler Blvd., from 912 A&D Chandler, LLC, of La Habra, Calif. This facility, used as a dialysis center, serves the Chandler area. Fresenius Medical Care is a global company with more than 3,200 facilities and 53 dialysis centers in Arizona.
Bob Broyles, a senior vice president of Colliers International, served as the exclusive broker for the seller. Broyles is a 32-year veteran of commercial real estate and has been a specialist in NNN leased investment properties for more than 23 years. He offers principals a wealth of experience and knowledge in investment real estate and financing to address their strategic objectives and goals.
Bebe Wright and Sandy Shaffer of Arizona Commercial in Prescott served as brokers for the buyer.
The building, encompassing 7,425 square feet on a 34,848-square-foot lot, was constructed in 2000.
“The property listing had several offers within the first week. In addition, it sold and closed escrow within 45 days of marketing,” Broyles said.