Titan Commercial has announced the completion of a net-leased medical investment sale at 825 W. 35th St. in the southwest side of Chicago. Principal Broker Ben Rosenfield represented Rockford 550 LLC as the seller in the transaction. The 13,980-square-foot building was sold at the $2,283,400 asking price to a Georgia Tsoutsos, represented by Coldwell Banker. Titan procured a full priced offer that sold within 90 days from when Rosenfield began representing the property. The deal was closed on Feb. 1, making it the third sale for Titan out of a portfolio of six medical properties.
Tenant Fresenius Medical Care has a lease duration that extends until 2023, giving it 11 years remaining in its initial term. FMC is devoted to patient-oriented renal therapy. Through more than 2,700 clinics in North America, Europe, Latin America, Asia-Pacific and Africa, they provide kidney dialysis treatments to approximately 210,000 patients worldwide.
