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Office Medical

DaVita Dialysis | Ashtabula Foot & Ankle Surgeons

1604 W 19th St, Ashtabula, OH 44004

Listing Price: $1,053,090

Cap Rate
7.00%
Gross SF
7,560
Rentable SF
7,560
Price/Gross SF
$139.30
Occupancy
100.0%
Year Built
1997
Lot Size
1.08 acres

Investment Overview

Marcus & Millichap is proud to exclusively offer a two-tenant medical center, anchored by DaVita Dialysis. DaVita has been at the center since 1998, signed a 10-year extension in 2017, and offers 2% annual rental increases. The second tenant, Ashtabula Foot & Ankle Center has also been at the center since 1998 and signed a seven-year extension in 2020. Both tenants have low rent per square foot, making it a difficult location for the tenants to replace. The center is a prime location for medical tenants given its location near the hospital, medical centers, and senior living facilities.

Investment Highlights

  • Two Tenant Medical Center Anchored by DaVita Dialysis
  • High Volume DaVita Clinic | Open Monday Through Saturday | 16 Stations
  • Long Operating History with Recent Extensions Showing Further Commitment to Site
  • Subject Property has been Operating as a Dialysis Clinic Since 1998 & Signed a 10-Year Extension in 2017 | DaVita Included a ROFR on the Podiatrist Space in Their Extension
  • Podiatry Tenant has been at this Location Since 1998 and Signed a 7-Year Extension in 2020
  • Low Rent per Square Foot | Making it a Difficult Location for the Tenants to Replace
  • Capital Expenditures | New Roof as of December 8. 2022 | Parking Lot Redone in 2018

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Office Medical

DaVita Dialysis | Ashtabula Foot & Ankle Surgeons

Listing Price: $1,053,090

Cap Rate
7.00%
Gross SF
7,560
Rentable SF
7,560
Price/Gross SF
$139.30
Occupancy
100.0%
Year Built
1997
Lot Size
1.08 acres

Investment Highlights

  • Two Tenant Medical Center Anchored by DaVita Dialysis
  • High Volume DaVita Clinic | Open Monday Through Saturday | 16 Stations
  • Long Operating History with Recent Extensions Showing Further Commitment to Site
  • Subject Property has been Operating as a Dialysis Clinic Since 1998 & Signed a 10-Year Extension in 2017 | DaVita Included a ROFR on the Podiatrist Space in Their Extension
  • Podiatry Tenant has been at this Location Since 1998 and Signed a 7-Year Extension in 2020
  • Low Rent per Square Foot | Making it a Difficult Location for the Tenants to Replace
  • Capital Expenditures | New Roof as of December 8. 2022 | Parking Lot Redone in 2018

Investment Overview

Marcus & Millichap is proud to exclusively offer a two-tenant medical center, anchored by DaVita Dialysis. DaVita has been at the center since 1998, signed a 10-year extension in 2017, and offers 2% annual rental increases. The second tenant, Ashtabula Foot & Ankle Center has also been at the center since 1998 and signed a seven-year extension in 2020. Both tenants have low rent per square foot, making it a difficult location for the tenants to replace. The center is a prime location for medical tenants given its location near the hospital, medical centers, and senior living facilities.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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