Capital Square 1031 Purchases Medical Building in Eastern North Carolina

Nov 10, 2016

Capital Square 1031 LLC, a sponsor of replacement property for Section 1031 exchanges, has purchased a 10,880-square-foot medical building in Kinston, North Carolina.

The building is 100 percent leased to Bio-Medical Applications of North Carolina, an affiliate of Fresenius Medicare Care, a leading provider of dialysis services and products for people with chronic kidney failure. Fresenius has 61 dialysis clinics in North Carolina and 2,249 clinics in North America.

“This flagship location is one of Fresenius’ largest dialysis clinics in North Carolina, with 39 service chairs and approximately 110 patients. Kinston is a prime location, adjacent to the doctor’s office and only a five-minute drive to the hospital,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “Having the clinic, doctor’s office and hospital in close proximity makes Kinston convenient for patients and their care givers and efficient for health care providers.”

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