March 14, 2023 – Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of Fresenius Medical Care in Fairhaven, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $4,157,158.
Fresenius is located at 216 Huttleston Avenue in Fairhaven, Massachusetts. Constructed in 2015, the free-standing medical office Property has a gross leasable area of 10,380 square feet and sits on a 2.27-acre parcel. The corporate guaranteed lease has 8 years of term remaining, plus three (3), 5-year renewal options. The lease calls for attractive 1.7% annual increases throughout the base term and renewal options. Fresenius is located along Huttleston Avenue (US Route 6), the area’s primary commercial and commuter corridor. The Property is positioned at the signalized intersection with Huttleston Avenue (US Route 6) and Sconticut Neck Road (MA Route 240) and benefits from outstanding traffic counts. The Property is also just 1.5-miles from Interstate 195. The Property shares a shopping center with two stand-alone properties, Walgreens and Frontera Grill. All three parcels are governed by a Declaration of Easements Covenants, Conditions and Restrictions for the benefit of each parcel owner and/or tenant.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.