Hanley Investment Group Real Estate Advisors has closed the sale of four single-tenant Fresenius Medical Care outpatient dialysis clinics in separate transactions. The four properties are located in Auburn, Fort Wayne and Marion, Indiana, and Dayton, Texas. The properties sold for a combined consideration of $9.8 million, representing 99 percent of the original asking prices.
Hanley Investment Group’s executive vice presidents Bill Asher and Jeff Lefko and president Ed Hanley, in conjunction with ParaSell, Inc., represented the seller in all four transactions, a private partnership based in the Midwest.
Brian Appel, founder and managing partner of Appel & Henick, LLP in Los Angeles, handled legal affairs on behalf of the seller for all four sales transactions and negotiated lease extensions for the three Indiana properties prior to formally going to market for sale.
Appel helped structure the most favorable lease extension terms that put each property in the best possible position to maximize value upon sale.