CS1031 Louisburg MOB, DST
Location: 935 North Main Street, Louisburg, North Carolina 27549
ALL CASH/NO MORTGAGE DEBT OFFERING
Three five-year renewal options
- Fixed rent escalations of 10% every 5 years
- 15-year absolute net lease
- LEASE: 15-year lease
Newly built-to-suit for Fresenius, this 8,213-squarefoot medical office building is 100 percent leased to Bio-Medical Applications of North Carolina (the “Tenant”), doing business as Fresenius Medical Care Tar River.
North Main Street, Louisburg, North Carolina
Bio-Medical Applications of North Carolina, Inc. (the “Tenant”) operates 106 dialysis facilities in North Carolina caring for 7,247 patients with 2,345 certificated dialysis stations as of June 3, 20161.
INVESTMENT HIGHLIGHTS
- The aging of America has created a demand for more healthcare real estate.
- Approximately 20 million people have obtained coverage under the Affordable Care Act, generating additional need for medical real estate.
- Healthcare expenditures are expected to increase to $4.8 trillion by 2021, up over 58 percent from 2012.
- Healthcare represents 18 percent of the U.S. gross domestic product, and is expected to increase to nearly 20 percent of GDP by 2021.
- Between 2008 and 2018, healthcare employment is projected to increase by nearly 29 percent.
- Advances in technology and research increase life expectancies, producing additional interest in healthcare assets.
PROPERTY DETAILS
935 North Main Street Louisburg, North Carolina 27549
LEASE: 15-year lease
RENEWAL OPTIONS – Three five-year renewal options
STORIES: One
LAND: 1.87 Acres
Investing in Medical Real Estate
- The aging of America has created a demand for more healthcare real estate.
- Approximately 20 million people have obtained coverage under the Affordable Care Act, generating additional need for medical real estate.
- Healthcare expenditures are expected to increase to $4.8 trillion by 2021, up over 58 percent from 2012.
- Healthcare represents 18 percent of the U.S. gross domestic product, and is expected to increase to nearly 20 percent of GDP by 2021.
- Between 2008 and 2018, healthcare employment is projected to increase by nearly 29 percent.
- Advances in technology and research increase life expectancies, producing additional interest in healthcare assets.
Fresenius Medical Care
Fresenius Medical Care Holdings, Inc. is a wholly-owned subsidiary of Fresenius Medical Care AG & Co. KGaA (“Fresenius”) which is listed on both the Frankfurt Stock Exchange (FME) and New York Stock Exchange (FMS).
Fresenius is the world’s leading provider of products and services for people with chronic kidney failure. The company is primarily engaged in providing kidney dialysis services and clinical laboratory testing, manufacturing and distributing products and equipment for kidney dialysis treatment, and providing other ancillary medical services.
ABOUT CAPITAL SQUARE
Capital Square 1031, LLC specializes in the creation and management of real estate investment programs for Section 1031 exchange investors and other investors using the Delaware Statutory Trust structure. Louis J. Rogers, founder and chief executive offi cer of Capital Square, has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including DSTs, tenant-in-common offerings, numerous real estate funds, and multiple publicly registered non-traded real estate investment trusts.