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Single-Tenant Office Medical

DaVita Dialysis Center | Infill San Francisco - 792k 5-Mile Population | Long Term Lease

2765 16th St, San Francisco, CA 94110

Listing Price: $9,995,000

Cap Rate
7.16%
Tenant Name
DaVita Kidney Dialysis
Years Remaining On Lease
12.4
Gross SF
12,046
Guarantor
Corporate Guarantee
Rentable SF
12,046
Price/Gross SF
$829.74
Lease Type
Double Net
Rent Per Square Feet
$59.40

Investment Overview

The area around 16th Street in San Francisco’s Mission District is a vibrant and historically rich neighborhood known for its eclectic mix of cultures, artistic influences, and dynamic urban energy. As one of the city’s oldest neighborhoods, the Mission District is deeply rooted in Latino heritage, evident in its colorful murals, authentic taquerias, and lively community spaces. The streets are lined with a mix of Victorian-era homes, modern apartments, and historic buildings that reflect the evolving character of the area.

This part of the Mission is a hub for food lovers, with an abundance of restaurants, cafés, and bars offering everything from classic Mexican dishes to contemporary fusion cuisine. Locals and visitors alike frequent the area for its famous burritos, trendy coffee shops, and casual eateries that stay busy throughout the day. In addition, the neighborhood has a strong nightlife scene, with music venues, cocktail lounges, and dive bars creating a lively atmosphere in the evenings.

Public transportation is a key feature of the neighborhood, making it easy to navigate the city. The BART station at 16th and Mission connects commuters to downtown San Francisco and the East Bay, while multiple Muni bus lines run through the area. The neighborhood is also bike-friendly, with many residents opting for cycling as their primary mode of transportation.

Art and culture are central to the neighborhood’s identity. The Mission is home to some of San Francisco’s most famous murals, many of which can be found in nearby alleys and community spaces. Galleries, independent bookstores, and performance spaces contribute to the district’s artistic spirit, making it a creative hub within the city.

Investment Highlights

  • Long Term 12+ Year Corporate Backed Lease Featuring a 10% Rental Increase in 2028 and 2033, and FMV at Each Option w/ Annual 2% Increases. High Quality Condominium Investment.
  • Complete Renovation in 2022 w/ All New Systems, New Roof, and Full Seismic and Structural Retrofit.
  • DaVita is a leading provider of dialysis treatment, ranking as one of the largest in the world. DaVita features a S&P Credit Rating of "BB", a Moody's Rating of "Ba3".
  • Within the Mission District of San Francisco - a Central and Dynamic Neighborhood Renowned for its Cultural Richness and Strong Connection to the City's Thriving Tech Economy. Recognized as One of San Francisco's most Vibrant Districts, the Mission Serves as a Hub for Innovation, Culture, and Economic Activity.
  • Situated on a High Traffic, East-West Corridor (16th Street: 24k+ VPD) which travels directly into the growing Neighborhood of Mission Bay. 16th Street Merges with both Hwy-101, which Commutes through all of California, and I-280, which Commutes through the Entirety of San Francisco.
  • The Immediate Area is highly Walkable and Bike-Friendly, offering Convenient Access to Transportation Options, including two BART Stations, Direct Freeway Access, and Multiple Bus Lines.
  • Near UCSF Mission Bay - a 60.2-Acre Research Campus with a 289-Bed Hospital Complex. It Includes UCSF Benioff Children's Hospital, Betty Irene Moore Women's Hospital, Bakar Cancer Hospital, Green Spaces, Rooftop Gardens, and LEED Gold Certification.
  • Extremely Dense San Francisco Submarket with over 792k People Residing within a 5-Mile Radius. Affluent Area: features an Average Household Income of more than $162k within a 1-Mile Radius. Minutes from Top Hospitals - Kaiser Permanente (239 Beds), Zuckerberg (400 Beds), Sutter Health (274 Beds), Sutter CPMC Van Ness (274 Beds), Sutter CPMC Davies (153 Beds), UCSF Mt. Zion (140 Beds) & UCSF Parnassus (600 Beds).

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Phil Sambazis

    Executive Managing Director Investments

    (858) 373-3174

    Email Phil

    License(s): CA: 01474991

    San Diego

Financing By

Single-Tenant Office Medical

DaVita Dialysis Center | Infill San Francisco - 792k 5-Mile Population | Long Term Lease

Listing Price: $9,995,000

Cap Rate
7.16%
Tenant Name
DaVita Kidney Dialysis
Years Remaining On Lease
12.4
Gross SF
12,046
Guarantor
Corporate Guarantee
Rentable SF
12,046
Price/Gross SF
$829.74
Lease Type
Double Net
Rent Per Square Feet
$59.40

Investment Highlights

  • Long Term 12+ Year Corporate Backed Lease Featuring a 10% Rental Increase in 2028 and 2033, and FMV at Each Option w/ Annual 2% Increases. High Quality Condominium Investment.
  • Complete Renovation in 2022 w/ All New Systems, New Roof, and Full Seismic and Structural Retrofit.
  • DaVita is a leading provider of dialysis treatment, ranking as one of the largest in the world. DaVita features a S&P Credit Rating of "BB", a Moody's Rating of "Ba3".
  • Within the Mission District of San Francisco - a Central and Dynamic Neighborhood Renowned for its Cultural Richness and Strong Connection to the City's Thriving Tech Economy. Recognized as One of San Francisco's most Vibrant Districts, the Mission Serves as a Hub for Innovation, Culture, and Economic Activity.
  • Situated on a High Traffic, East-West Corridor (16th Street: 24k+ VPD) which travels directly into the growing Neighborhood of Mission Bay. 16th Street Merges with both Hwy-101, which Commutes through all of California, and I-280, which Commutes through the Entirety of San Francisco.
  • The Immediate Area is highly Walkable and Bike-Friendly, offering Convenient Access to Transportation Options, including two BART Stations, Direct Freeway Access, and Multiple Bus Lines.
  • Near UCSF Mission Bay - a 60.2-Acre Research Campus with a 289-Bed Hospital Complex. It Includes UCSF Benioff Children's Hospital, Betty Irene Moore Women's Hospital, Bakar Cancer Hospital, Green Spaces, Rooftop Gardens, and LEED Gold Certification.
  • Extremely Dense San Francisco Submarket with over 792k People Residing within a 5-Mile Radius. Affluent Area: features an Average Household Income of more than $162k within a 1-Mile Radius. Minutes from Top Hospitals - Kaiser Permanente (239 Beds), Zuckerberg (400 Beds), Sutter Health (274 Beds), Sutter CPMC Van Ness (274 Beds), Sutter CPMC Davies (153 Beds), UCSF Mt. Zion (140 Beds) & UCSF Parnassus (600 Beds).

Investment Overview

The area around 16th Street in San Francisco’s Mission District is a vibrant and historically rich neighborhood known for its eclectic mix of cultures, artistic influences, and dynamic urban energy. As one of the city’s oldest neighborhoods, the Mission District is deeply rooted in Latino heritage, evident in its colorful murals, authentic taquerias, and lively community spaces. The streets are lined with a mix of Victorian-era homes, modern apartments, and historic buildings that reflect the evolving character of the area. This part of the Mission is a hub for food lovers, with an abundance of restaurants, cafés, and bars offering everything from classic Mexican dishes to contemporary fusion cuisine. Locals and visitors alike frequent the area for its famous burritos, trendy coffee shops, and casual eateries that stay busy throughout the day. In addition, the neighborhood has a strong nightlife scene, with music venues, cocktail lounges, and dive bars creating a lively atmosphere in the evenings. Public transportation is a key feature of the neighborhood, making it easy to navigate the city. The BART station at 16th and Mission connects commuters to downtown San Francisco and the East Bay, while multiple Muni bus lines run through the area. The neighborhood is also bike-friendly, with many residents opting for cycling as their primary mode of transportation. Art and culture are central to the neighborhood’s identity. The Mission is home to some of San Francisco’s most famous murals, many of which can be found in nearby alleys and community spaces. Galleries, independent bookstores, and performance spaces contribute to the district’s artistic spirit, making it a creative hub within the city.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Phil Sambazis

    Executive Managing Director Investments

    (858) 373-3174

    Email Phil

    License(s): CA: 01474991

    San Diego

Financing By

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