Boulder Group Arranges Sale of Medical Facility
ByThe Boulder Group has arranged the sale of a single-tenant net-leased Fresenius Medical Care property in Enola, Pa., on behalf of the seller, a Northeastern private partnership. A West Coast-based real estate investor purchased the asset for $1.9 million.
The 15-year triple net lease features 1.8 percent annual rental escalations throughout the primary term and three five-year renewal options.
Located at 390 E. Penn Drive., the building sits on a 1.5-acre site, just two miles from the PinnacleHealth Fredricksen Outpatient Center. The property is situated in an area with more than 50,500 people within a three-mile radius, with easy access to Interstate 81. The health-care facility is close to retailers such as CVS Pharmacy, First National Bank and KinderCare…
