Pinnacle Announces Sale of Off Market Fresenius Medical Care
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 10,244 square foot medical building located at 7 Professional Drive, Alton, IL. The property, occupied by Fresenius Medical Care, was sold for $3,350,000 on May 17, 2023, in an off-market transaction. Cody Stambaugh, Liz Morgan, and Natalie Dupree of The Morgan Stambaugh Group represented the Seller in the transaction.
“We are excited to represent the Seller in the off-market transaction of the Fresenius Medical Care building in Alton, IL. The Sellers owned the property since 2013 and received an unsolicited cash offer at a price that they could not refuse. The timing was perfect to sell the property and reinvest through a 1031 Exchange into a “hands off” absolute net lease investment” stated Cody Stambaugh, Senior Advisor with The Morgan Stambaugh Group.