AEI Income & Growth Fund 25 LLC, a direct investment program that purchases commercial real estate assets, acquired the Fresenius Medical Center in the New Orleans suburb of Gretna, LA. The company purchased the property from FRE Gretna LLC, an unrelated third party, for $3.5 million.
Constructed in 2015, the nearly 7,700-square-foot medical center is leased to Bio-Medical Applications of Louisiana LLC for 15 years. Bio-Medical Applications is a wholly-owned subsidiary of Fresenius Medical Care Holdings Inc., an operator of more than 2,100 dialysis facilities in North America.
AEI Income & Growth Fund 25 acquires, leases, and sells existing and newly constructed commercial properties to operating tenants in the United States.