Offering Memorandum. Fresenius Kidney Care Center 9140 Harrison Park Dr. Indianapolis, Indiana 46216

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Cuthbert Caldwell
6 years ago
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1 Offering Memorandum

Table of Contents Disclaimer..... i Investment Overview..... 1 Property Description Location & Map. 2 Demographics.

2 Table of Contents Disclaimer..... i Investment Overview Property Description Location & Map. 2 Demographics Building Description.. 4 Site Plan Floor Plan Fresenius Medical Care. 7 Lease Abstract 8-9 Indianapolis

Disclaimer The information contained herein ( Materials ) is proprietary and confidential. It is intended to be reviewed only by the person or entity receiving the information.

3 Disclaimer The information contained herein ( Materials ) is proprietary and confidential. It is intended to be reviewed only by the person or entity receiving the information. Information from Baseline, Inc. is intended to be used for the sole purpose of preliminary evaluation of the subject property ( Property ) for potential purchase. The information contained herein was obtained form sources considered reliable. Baseline, Inc. cannot be responsible for errors, omissions, prior sale, withdrawal from the market, or change in price. Baseline, Inc. makes no representation or warranty as to the Property, including but not limited to income, expenses, or financial performance; size, square footage, condition, or quality of the land and improvements; environmental conditions; regulatory compliance; or tenant s financial condition. Baseline, Inc. recommends any prospective purchaser s independent investigations. By receiving the Materials you are agreeing to the Confidentiality and Disclaimer set forth herein. i

4 Investment Overview Location, Indianapolis, IN Building & Land Fresenius Kidney Care is currently under construction, has a target completion date of February 1, 2018, and will be a 7,195 square foot medical office building situated on a 1.77 acre site. The frame will be steel while the exterior will consist of modular brick, acrylic-based EIFS, and glass. The roof will be a flat rubber-membrane. Lease The Fresenius Kidney Care is master-leased to Fresenius Medical Care Indiana, LLC d/b/a Fresenius Kidney Care Northeast Indiana (with Corporate Guaranty by Fresenius Medical Care Holdings) for 15 years until approximately January 31, 2033 at the initial annual rent of $181,961 per year with 1.02% annual increases. There are three fiveyear renewal options with 1.017% annual increases. Tenant is responsible for all property real estate taxes, property insurance, management, interior maintenance, and repair costs. Landlord is responsible for maintenance of the foundation, structure, load-bearing walls, exterior walls, roof and roof supports, columns, retaining walls, gutters, downspouts, flashings, and footings. Annual Rent (example)* Year Annual Rent Return 1 $181, % 5 $189, % 10 $199, % 15 $209, % * Please see Lease Abstract Pgs. 7-9 for additional details. Price $3,220,458 1

Location Map Location Fresenius Kidney Care Lawrence Village at the Fort is located in the redeveloped Army base known as Ft. Harrison on the NE side of Indianapolis.

5 Location Map Location Fresenius Kidney Care Lawrence Village at the Fort is located in the redeveloped Army base known as Ft. Harrison on the NE side of Indianapolis. The campus-like setting includes numerous new developments & amenities, a State Park, and a golf course. The location is 9 miles from downtown Indianapolis and 2.1 miles from I-465. Click HERE for LawrenceVillageattheFort.com. 2

6 Demographics Demographics 1 mile 3 mile 5 mile Population Households Families Avg. HH Income Median Age Owner Households Renter Households 8,372 78, ,077 3,682 30,009 72,714 1,921 19,575 47,083 $44,502 $54,697 $64, ,072 15,304 42,146 1,611 14,706 30,567 3

Building Description Site Area.. Completion... Building Area. Construction Type Floor.... Roof.. Exterior HVAC Floor Coverings Interior Walls. Interior Ceilings. Lighting... 1.

7 Building Description Site Area.. Completion... Building Area. Construction Type Floor.... Roof.. Exterior HVAC Floor Coverings Interior Walls. Interior Ceilings. Lighting ± acres Target February 1, ,195 ± square feet One-story steel-frame Concrete Rubber membrane Modular Brick, EIFS, glass Roof and ground base Carpet and tile Drywall Acoustical drop Recessed fluorescent 4

8 Site Plan ± 1.77 acres Zoned DP (Planned Development) 5

9 Floor Plan Typical Floor Plan 6

Fresenius Medical Care Fresenius Medical Care is located in Bad Homburg, Germany and is the world s largest network of more than 3,400 dialysis facilities in 120 countries, outpatient cardiac and

10 Fresenius Medical Care Fresenius Medical Care is located in Bad Homburg, Germany and is the world s largest network of more than 3,400 dialysis facilities in 120 countries, outpatient cardiac and vascular labs and urgent care centers. Being the world s only vertically integrated renal company, Fresenius also offers specialty pharmacy and laboratory services, as well as manufacturing and distributing a comprehensive line of dialysis equipment, disposable products and renal pharmaceuticals. Statistics Patients Worldwide ,000 Facilities... ± 3,500 Employees ,00 Sales (2016) B Net Income (2016) B 7

11 Lease Abstract (Pg. 1 of 2) 8

12 Lease Abstract (Pg. 2 of 2) 9

Indianapolis has a diversified economy consisting of life sciences, logistics, advanced manufacturing, sports entertainment, and education.

13 Indianapolis Indianapolis Indianapolis is the capitol city of Indiana and is the 13th largest city in the U.S. with a population of 834,000. Including the near suburbs the Indianapolis MSA boasts a population of 1,802,000. Indianapolis has a diversified economy consisting of life sciences, logistics, advanced manufacturing, sports entertainment, and education. Notable Indianapolis companies include Eli Lilly & Co., Wellpoint, Roche Diagnostics and Dow Agro Sciences. A new $1 billion airport and access to five interstates contributes to Indianapolis being the second-largest FedEx hub and home to many strong distribution and logistics companies. And, of course, Indianapolis is recognized as the global leader in the motorsports industry. 10

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