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| Louis Rogers |
BIRMINGHAM, AL – Capital
Square 1031 announced the company has acquired a newly constructed medical
office building, 100 percent leased to Fresenius Medical Care Trussville, in
Birmingham, Ala.
Located at 3671 Roosevelt
Blvd., the 8,140-square-foot dialysis clinic was built-to-suit for Fresenius, a
wholly owned subsidiary of Fresenius Medical Care AG & Co. KGaA. The property is leased on a triple net basis
for a base term of 15 years, plus extensions.
“This medical office
building is well-located in a vibrant area within the Birmingham metropolitan
region, which has a population of more than 1.1 million, representing nearly 25
percent of the state’s total population,” said Louis Rogers, founder and chief executive officer of Capital Square
1031.
“The tenant’s parent
company is the world leader in dialysis care and reported a net revenue of
approximately $16.7 billion for fiscal year 2015. Capital Square is pleased to
add this medical property to our national portfolio of assets under management,
which now includes more than 50 properties valued in excess of $511 million,
based on investment cost.”
For a complete copy of the company’s news release,
please contact:
Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703
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