Property details

DaVita Dialysis Net Lease For Sale, Northeast Region

Property Description


DaVita Dialysis Net Lease For Sale

This is a Private, Confidential and Off-Market Offering. This property is quietly being offered and is not being widely marketed on commonly used large listing services.

Extremely Rare New York City Location

More DaVita's confidentially available - inquire. .

Corporate Guaranty by DaVita - one of the 2 largest dialysis companies in the U.S. with over 2,100 domestic locations and serves over 7 million people worldwide

Publicly traded S&P Rated , NYSE symbol -úDVA-Ě.

Brand new 15 yr. primary term w/ rent increases during the primary term and FMV rent bumps in option periods !

Recession resistant and growing business catering to -úcaptive audience-Ě baby boomer demographic.

Warren Buffett's Berkshire Hathaway owns almost 20% of the outstanding stock of DaVita.

Rare NYC MSA location, over 1.3 million people within 3 mile radius !

Approx. $3,500,000 in tenant improvements including new roof, elevator, HVAC.

Almost 20,000 sf single tenant building 100% occupied by DaVita Healthcare Partners, Inc.

High demand location that operates under extended hours open 6 days per week !

Freestanding building originally built in 1943; renovated in 2015.

Up Zoned to a total of as many as 4 -ď 5 stories! Please check NYC zoning for details.

New long-term lease, featurubg 10% rent increases every five years.

Fortune 500, Publicly Traded Company.

The subject property is a single-tenant offering dialysis clinic, 2015 redevelopment.

Ability to add 3-4 additional floors.

Ideal demographics, densely populated location.

Attractive and assumable financing already in place that must be assumed - no chance that the owner will pay to defease the debt. Existing CMBS Debt must be assumed has current loan balance of ~$3.5M, 4.4% interest, 30-year amortization, 8 years left on the balloon.






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Highlights

Status:
Sold
Price:
$8,634,550
Cap Rate:
5.00%
Rent Increases:
Inquire
 

Property Information

Property Type:
Net Lease
Industry Type:
Medical - Healthcare
Units/Spaces:
1
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
DaVita
Lease Type:
NN
Lease Expiration:
05/30/2030
Lease Remaining:
12.4 years
Landlord Responsibilities:
NN
Options:
Inquire
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.