Single-Tenant Office Medical
DaVita Dialysis & US Army | San Jose | Fully Renovated Medical Office Building | Excellent Demo's
614 Tully Rd, San Jose, CA 95111
Listing Price: $15,831,148
Investment Overview
San Jose is the largest city in Silicon Valley, located in Santa Clara County in Northern California. As of 2021, the estimated population of San Jose is 1,037,529, making it the third most populous city in California, after Los Angeles and San Diego, and the tenth most populous city in the United States. San Jose has a land area of approximately 180 square miles, making it the largest city in the Bay Area by both population and area. The San Jose-Sunnyvale-Santa Clara Metropolitan Statistical Area, which includes San Jose and the surrounding cities of Sunnyvale and Santa Clara, has a population of approximately 2 million people. The larger San Francisco Bay Area, which includes San Jose, San Francisco, and Oakland, has a population of over 7.7 million people. San Jose is known for its strong and innovative economy, fueled by the technology industry, which has earned it the nickname “Capital of Silicon Valley.” Major global tech companies with headquarters in San Jose include Adobe Inc., Cisco Systems, eBay, PayPal, and Zoom. In addition to technology, San Jose has a thriving service sector, including healthcare, education, and finance. San Jose is one of the wealthiest cities in the United States, with a GDP per capita of $128,308 in 2021, the third-highest in the world after Zürich and Oslo. The city also has the fifth-most expensive housing market in the world, with a median home price of $1.3 million in 2021. The city is home to a diverse population, with a Hispanic community that makes up over 30% of the city’s residents, along with significant Vietnamese, Chinese, and Indian communities. The city is also home to historic Japanese and Portuguese neighborhoods, as well as newer immigrant communities from Southeast Asia and the Middle East. San Jose is a thriving and diverse city with a strong economy, diverse population, and excellent educational institutions. Its position as the center of Silicon Valley has made it a hub of technological innovation and entrepreneurship, and its affluence and cultural attractions make it an attractive destination for residents and visitors alike.
DaVita Dialysis & US Army | San Jose | Fully Renovated Medical Office Building | Excellent Demo's
Investment Highlights
- DaVita Anchored Office Building with United States Army of Engineers (USACE). DaVita Features 13 Years Remaining w/ 10% Increases Every 5 Years.
- Providing Life Sustaining Treatments for Dialysis Patients - DaVita is one of the Nations Leading Provider of Products and Services for People with Chronic Kidney Failure.
- USACE Began a New First Generation Lease - Paying for the Entirety of its Tenant Improvements. 2020/2021 Complete Exterior / Interior Renovation including New Roof, HVAC, Mechanical, Electrical, etc.
- DaVita features a S&P Credit Rating of "BB" and a Moody's Rating of "Ba3" with Annual Revenues in Excess of $11.61B. U.S. Army Corps of Engineers Lease is guaranteed by the U.S. Federal Government, featuring an AAA Credit Rating and Unrivaled Income Security.
- Numerous Prestigious Hospitals are Located in Downtown San Jose, such as Kaiser Permanente Santa Clara (327 Beds), Regional Medical Center (247 Beds), and O'Connor Health (358 Beds). Each Hospital is within 15 Minutes from the Subject Property.
- Vacancy Upside - 1,929 Square-feet of Vacant Space within the Building provides Upside Potential via Leasing to New Tenancy or any Future Potential Expansion needs of DaVita or US Army Corps of Engineers.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $132k and over 674k People Residing within a 5-Mile Radius. San Jose is the Largest City in Northern California by Population and Area.
- Healthcare and Government Related Real Estate has been the Least Affected by Economic Recession and Demand of e-commerce. During the Covid Pandemic and Weakened Economy, Dialysis Tenants experienced very little Disruption and were Classified as an Essential Tenant.
Single-Tenant Office Medical
DaVita Dialysis & US Army | San Jose | Fully Renovated Medical Office Building | Excellent Demo's
Listing Price: $15,831,148
Investment Highlights
- DaVita Anchored Office Building with United States Army of Engineers (USACE). DaVita Features 13 Years Remaining w/ 10% Increases Every 5 Years.
- Providing Life Sustaining Treatments for Dialysis Patients - DaVita is one of the Nations Leading Provider of Products and Services for People with Chronic Kidney Failure.
- USACE Began a New First Generation Lease - Paying for the Entirety of its Tenant Improvements. 2020/2021 Complete Exterior / Interior Renovation including New Roof, HVAC, Mechanical, Electrical, etc.
- DaVita features a S&P Credit Rating of "BB" and a Moody's Rating of "Ba3" with Annual Revenues in Excess of $11.61B. U.S. Army Corps of Engineers Lease is guaranteed by the U.S. Federal Government, featuring an AAA Credit Rating and Unrivaled Income Security.
- Numerous Prestigious Hospitals are Located in Downtown San Jose, such as Kaiser Permanente Santa Clara (327 Beds), Regional Medical Center (247 Beds), and O'Connor Health (358 Beds). Each Hospital is within 15 Minutes from the Subject Property.
- Vacancy Upside - 1,929 Square-feet of Vacant Space within the Building provides Upside Potential via Leasing to New Tenancy or any Future Potential Expansion needs of DaVita or US Army Corps of Engineers.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $132k and over 674k People Residing within a 5-Mile Radius. San Jose is the Largest City in Northern California by Population and Area.
- Healthcare and Government Related Real Estate has been the Least Affected by Economic Recession and Demand of e-commerce. During the Covid Pandemic and Weakened Economy, Dialysis Tenants experienced very little Disruption and were Classified as an Essential Tenant.
Investment Overview
San Jose is the largest city in Silicon Valley, located in Santa Clara County in Northern California. As of 2021, the estimated population of San Jose is 1,037,529, making it the third most populous city in California, after Los Angeles and San Diego, and the tenth most populous city in the United States. San Jose has a land area of approximately 180 square miles, making it the largest city in the Bay Area by both population and area. The San Jose-Sunnyvale-Santa Clara Metropolitan Statistical Area, which includes San Jose and the surrounding cities of Sunnyvale and Santa Clara, has a population of approximately 2 million people. The larger San Francisco Bay Area, which includes San Jose, San Francisco, and Oakland, has a population of over 7.7 million people. San Jose is known for its strong and innovative economy, fueled by the technology industry, which has earned it the nickname “Capital of Silicon Valley.” Major global tech companies with headquarters in San Jose include Adobe Inc., Cisco Systems, eBay, PayPal, and Zoom. In addition to technology, San Jose has a thriving service sector, including healthcare, education, and finance. San Jose is one of the wealthiest cities in the United States, with a GDP per capita of $128,308 in 2021, the third-highest in the world after Zürich and Oslo. The city also has the fifth-most expensive housing market in the world, with a median home price of $1.3 million in 2021. The city is home to a diverse population, with a Hispanic community that makes up over 30% of the city’s residents, along with significant Vietnamese, Chinese, and Indian communities. The city is also home to historic Japanese and Portuguese neighborhoods, as well as newer immigrant communities from Southeast Asia and the Middle East. San Jose is a thriving and diverse city with a strong economy, diverse population, and excellent educational institutions. Its position as the center of Silicon Valley has made it a hub of technological innovation and entrepreneurship, and its affluence and cultural attractions make it an attractive destination for residents and visitors alike.
