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Single-Tenant Office Medical

DaVita Dialysis Center

950 S Eastern Ave, East Los Angeles, CA 90022

Listing Price: $3,200,000

Cap Rate
1.00%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
4.8
Gross SF
10,816
Guarantor
Corporate Guarantee
Rentable SF
10,816
Price/Gross SF
$295.86
Lease Type
Double Net
Rent Per Square Feet
$14.73

Investment Overview

Marcus & Millichap is pleased to present 950 S Eastern Avenue in Los
Angeles, CA, a 10,816 square foot single tenant net leased medical building
operated as a DaVita Dialysis Center since January 1, 2004.
The property is located in Central East Los Angeles, CA visible from and
adjacent to the Interstate (710) Freeway with easy access.
Long Term Credit Tenant - DaVita Dialysis Center. Current term through
12/31/2029 with three (3) five (5) year options at Fair Market Value. Guarantor:
DaVita, Inc. (Initial Lease Term)
DaVita Inc., a Fortune 500 company, is a leading healthcare provider focused
on transforming care delivery to improve quality of life for patients. Davita,
Inc. is one of the largest providers of kidney care services in the United States.
Incorporated in 1999 in Denver, Colorado, DaVita.
Da Vita, Inc. provided dialysis, administrative and related laboratory services
through a network of 2,675, outpatient dialysis centers in 46 states and DC, serving
a total of approximately 200,800 patients with revenues exceeding $12.14 billion
(USD) and adjusted operating income of $1.73 billion (USD) in 2023.
DaVita, Inc. holds a BB rating from Standard & Poor’s, and a long-term rating of Ba2
from Moody’s. DaVita

Investment Highlights

  • Long Term Credit Tenant - DaVita Dialysis Center. Current lease term through 12/31/2029 with three (3) five (5) year options at Fair Market Value. Guarantor: DaVita, Inc. (Initial Lease Term)
  • DaVita, Inc. a Fortune 500 company, as of December 31, 2023, provided dialysis and related laboratory services in the
  • DaVita, Inc. served a total of approximately 200,800 patients with revenues exceeding $12.14 billion (USD) and adjusted operating income of $1.73 billion (USD) in 2023.
  • DaVita, Inc. holds a BB rating from Standard & Poor's, and a long-term rating of Ba2 from Moody's. DaVita currently trades in the NYSE under the listed name DVA. Ranked 341 of Fortune 500.
  • Excellent Central Los Angeles regional location visible and adjacent to the Interstate (710) Freeway with easy access.
  • Vehicular Freeway Traffic: +/- 446,000 per day (3rd Qtr. 2024) (combined Interstates (710) and (5)) surrounding subject property.
  • Demographics: Population: 260,805 individuals (3 mi. circa 2024) and Average Household Income: $85,402 (3 mi. circa 2024).

Exclusively Listed By

Single-Tenant Office Medical

DaVita Dialysis Center

Listing Price: $3,200,000

Cap Rate
1.00%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
4.8
Gross SF
10,816
Guarantor
Corporate Guarantee
Rentable SF
10,816
Price/Gross SF
$295.86
Lease Type
Double Net
Rent Per Square Feet
$14.73

Investment Highlights

  • Long Term Credit Tenant - DaVita Dialysis Center. Current lease term through 12/31/2029 with three (3) five (5) year options at Fair Market Value. Guarantor: DaVita, Inc. (Initial Lease Term)
  • DaVita, Inc. a Fortune 500 company, as of December 31, 2023, provided dialysis and related laboratory services in the
  • DaVita, Inc. served a total of approximately 200,800 patients with revenues exceeding $12.14 billion (USD) and adjusted operating income of $1.73 billion (USD) in 2023.
  • DaVita, Inc. holds a BB rating from Standard & Poor's, and a long-term rating of Ba2 from Moody's. DaVita currently trades in the NYSE under the listed name DVA. Ranked 341 of Fortune 500.
  • Excellent Central Los Angeles regional location visible and adjacent to the Interstate (710) Freeway with easy access.
  • Vehicular Freeway Traffic: +/- 446,000 per day (3rd Qtr. 2024) (combined Interstates (710) and (5)) surrounding subject property.
  • Demographics: Population: 260,805 individuals (3 mi. circa 2024) and Average Household Income: $85,402 (3 mi. circa 2024).

Investment Overview

Marcus & Millichap is pleased to present 950 S Eastern Avenue in Los Angeles, CA, a 10,816 square foot single tenant net leased medical building operated as a DaVita Dialysis Center since January 1, 2004. The property is located in Central East Los Angeles, CA visible from and adjacent to the Interstate (710) Freeway with easy access. Long Term Credit Tenant - DaVita Dialysis Center. Current term through 12/31/2029 with three (3) five (5) year options at Fair Market Value. Guarantor: DaVita, Inc. (Initial Lease Term) DaVita Inc., a Fortune 500 company, is a leading healthcare provider focused on transforming care delivery to improve quality of life for patients. Davita, Inc. is one of the largest providers of kidney care services in the United States. Incorporated in 1999 in Denver, Colorado, DaVita. Da Vita, Inc. provided dialysis, administrative and related laboratory services through a network of 2,675, outpatient dialysis centers in 46 states and DC, serving a total of approximately 200,800 patients with revenues exceeding $12.14 billion (USD) and adjusted operating income of $1.73 billion (USD) in 2023. DaVita, Inc. holds a BB rating from Standard & Poor’s, and a long-term rating of Ba2 from Moody’s. DaVita

Exclusively Listed By

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