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Office Medical

DaVita Anchored Medical Office

215 S Allison Ave, Xenia, OH 45385

Listing Price: $2,125,000

Cap Rate
7.49%
Gross SF
13,921
Rentable SF
13,921
Price/Gross SF
$152.65
Occupancy
81.7%
Year Built
1976
Lot Size
1.99 acres

Investment Overview

Marcus & Millichap is pleased to present a net-leased essential medical office investment opportunity in Xenia, Ohio. The property is eighty-two percent leased with the anchor tenant being DaVita Dialysis; the leading provider of renal care in the United States. The Kidney Care Specialists of Ohio occupy twenty-two percent of the building, providing the owner with great stability between the synergistic businesses. The location has been, and continues to be, synonymous with providing life sustaining health services to the community for over two decades. United States Renal data shows End Stage Renal Disease (ESRD) in the state of Ohio continuing to rise, further highlighting the importance of this treatment center in the years ahead.    DaVita Xenia is a high-volume clinic containing 16 dialysis stations. The business operates multiple shifts a day, six days a week. The lease features a low rent per square foot, making it difficult to replace, and attractive two percent annual rent escalations as a hedge against inflation. As evidence to their commitment to this location, DaVita extended their lease early for an additional five years—more than two years ahead of schedule.    The clinic has 100% market share in Xenia, Ohio; a town of approximately 30,000 residents, thirty-seven percent of which are over the age of 50 years old. There is a strong medical presence in the community with a regional hospital and numerous assisted living facilities.

Investment Highlights

  • Early 5 Year Extension
  • Annual Rental Increases of 2% for DaVita
  • Below Market Rent

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Office Medical

DaVita Anchored Medical Office

Listing Price: $2,125,000

Cap Rate
7.49%
Gross SF
13,921
Rentable SF
13,921
Price/Gross SF
$152.65
Occupancy
81.7%
Year Built
1976
Lot Size
1.99 acres

Investment Highlights

  • Early 5 Year Extension
  • Annual Rental Increases of 2% for DaVita
  • Below Market Rent

Investment Overview

Marcus & Millichap is pleased to present a net-leased essential medical office investment opportunity in Xenia, Ohio. The property is eighty-two percent leased with the anchor tenant being DaVita Dialysis; the leading provider of renal care in the United States. The Kidney Care Specialists of Ohio occupy twenty-two percent of the building, providing the owner with great stability between the synergistic businesses. The location has been, and continues to be, synonymous with providing life sustaining health services to the community for over two decades. United States Renal data shows End Stage Renal Disease (ESRD) in the state of Ohio continuing to rise, further highlighting the importance of this treatment center in the years ahead.    DaVita Xenia is a high-volume clinic containing 16 dialysis stations. The business operates multiple shifts a day, six days a week. The lease features a low rent per square foot, making it difficult to replace, and attractive two percent annual rent escalations as a hedge against inflation. As evidence to their commitment to this location, DaVita extended their lease early for an additional five years—more than two years ahead of schedule.    The clinic has 100% market share in Xenia, Ohio; a town of approximately 30,000 residents, thirty-seven percent of which are over the age of 50 years old. There is a strong medical presence in the community with a regional hospital and numerous assisted living facilities.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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