Fresenius Medical Care

• Fresenius Kidney Care operates as part of Fresenius Medical Care, one of the world’s leading providers of kidney dialysis products and services.
• Fresenius Kidney Care occupies 74.2% of the GLA and accounts for 84.3% of base rent. Fresenius operates more than 3,600 dialysis clinics, including more than 2,600 in the U.S., and treats more than 290,000 patients, providing investment grade credit behind the majority of the income.
• Fresenius executed a Fourth Amendment in June 2026, extending its term through September 30, 2032 with two 5-year renewal options remaining. The early extension demonstrates the tenant’s long-term commitment to this location.
• Fresenius has operated at the property since 2007. Dialysis clinics require specialized water treatment, plumbing and station build-out, making relocation costly and reinforcing the tenant’s commitment to the site.
• Fresenius rent increases 3.00% annually through the extended term, growing from $35.35 PSF to $39.79 PSF. Overrated Training Club also carries 3.00% annual increases, providing consistent income growth and a hedge against inflation.
• The property is fully leased to two tenants. Fresenius reimburses its share of taxes, insurance, CAM and management under a NNN lease, while Overrated Training Club adds a second income stream through August 31, 2028.
• Located on Rosecrans Avenue minutes from Interstate 5 (±280,000 VPD) and Interstate 605 in southeast Los Angeles County. More than 570,000 residents live within 5 miles and nearly 190,000 within 3 miles, creating a deep, built-out patient base that supports long-term dialysis demand.