Capital Square 1031 Buys Virginia Medical Office Building
Capital Square 1031 LLC, a sponsor of 1031 Delaware statutory trusts offerings, acquired a medical office building in Winchester, Virginia. The purchase price was not disclosed.
The 9,503-square-foot, single-story property is 100 percent leased to Bio-Medical Applications of Virginia, doing business as Fresenius Medical Care Holdings Inc. It was recently built-to-suit for Fresenius, a wholly-owned subsidiary of Fresenius Medical Car AG & Co. KGaA.
“This is a recently-constructed, high quality medical office building on a long-term triple net lease to a subsidiary of the world’s leading provider of dialysis products and services. Its parent company had a net revenue of approximately $15.8 billion for the fiscal year 2014,” said Louis Rogers, founder and chief executive officer of Capital Square 1031.
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