Capital Square 1031 Lands NC Medical BuildingBy
Louis Rogers, founder & CEO of Capital Square 1031
Raleigh, N.C.—Capital Square 1031 recently announced that it has acquired a newly built, 8,200-square-foot medical office building in the Raleigh suburb of Louisburg, N.C. At the time of purchase, the property was 100 percent leased to an affiliate of Fresenius Medical Care, a provider of dialysis products and services. The asset was purchased on an all-cash basis as part of a Delaware statutory trust program.
Located at 935 North Main St., about 20 miles from the I-85, the single-story building was built-to-suit for Fresenius as a dialysis clinic. The company leases the property on a double-net basis for a base term of 15 years, plus renewal options, after occupying it in October 2016…
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