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Single-Tenant Office Medical

DaVita Northeast Philadelphia PA

518 Knorr St, Philadelphia, PA 19111

Listing Price: $2,415,000

Cap Rate
5.50%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
8.1
Gross SF
5,688
Guarantor
Subsidiary of a Corporation
Rentable SF
5,688
Price/Gross SF
$424.58
Lease Type
Double Net
Rent Per Square Feet
$23.35

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding net lease DaVita Dialysis clinic located in Philadelphia, Pennsylvania. DaVita recently extended their lease for an additional ten years, featuring two percent annual increases throughout the term. There are two five year options to extend the lease. The location has been, and continues to be, synonymous with providing life sustaining health services to the community for over three decades. DaVita Northeast Philadelphia is a high volume clinic containing 16 dialysis stations. The business operates multiple shifts per day, six days a week. As evidence to their commitment to this location, DaVita renovated the interior of the property at their own expense, prior to their most recent lease extension. United States Renal data shows End Stage Renal Disease (ESRD) in Pennsylvania continuing to rise, further highlighting the importance of this treatment center in the years ahead. Philadelphia is the largest city in the Commonwealth of Pennsylvania. It is the sixth most populated city in the United States and the eight largest by metropolitan statistical area. Philly is notable for its cheesesteaks along with its rich history, on display at the Liberty Bell, Independence Hall and other important American Revolutionary sites.

Investment Highlights

  • Recent 10 Year Lease Extension
  • Attractive 2% Annual Rental Increases
  • Strategic Proximity to Multiple Medical Campuses

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Single-Tenant Office Medical

DaVita Northeast Philadelphia PA

Listing Price: $2,415,000

Cap Rate
5.50%
Tenant Name
DaVita Dialysis
Years Remaining On Lease
8.1
Gross SF
5,688
Guarantor
Subsidiary of a Corporation
Rentable SF
5,688
Price/Gross SF
$424.58
Lease Type
Double Net
Rent Per Square Feet
$23.35

Investment Highlights

  • Recent 10 Year Lease Extension
  • Attractive 2% Annual Rental Increases
  • Strategic Proximity to Multiple Medical Campuses

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding net lease DaVita Dialysis clinic located in Philadelphia, Pennsylvania. DaVita recently extended their lease for an additional ten years, featuring two percent annual increases throughout the term. There are two five year options to extend the lease. The location has been, and continues to be, synonymous with providing life sustaining health services to the community for over three decades. DaVita Northeast Philadelphia is a high volume clinic containing 16 dialysis stations. The business operates multiple shifts per day, six days a week. As evidence to their commitment to this location, DaVita renovated the interior of the property at their own expense, prior to their most recent lease extension. United States Renal data shows End Stage Renal Disease (ESRD) in Pennsylvania continuing to rise, further highlighting the importance of this treatment center in the years ahead. Philadelphia is the largest city in the Commonwealth of Pennsylvania. It is the sixth most populated city in the United States and the eight largest by metropolitan statistical area. Philly is notable for its cheesesteaks along with its rich history, on display at the Liberty Bell, Independence Hall and other important American Revolutionary sites.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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