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Dialysis Center 1360 N Shenandoah Ave 6,086 SF Office Building Front Royal, VA 22630 $2,791,840 CAD ($458.73 CAD/SF) 6.10% Cap Rate

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INVESTMENT HIGHLIGHTS

  • National Medical Dialysis Corporation

EXECUTIVE SUMMARY

This building was a custom build for DaVita in 2012. The dialysis center put in over 1 million of their own funds in the internal buildout to include full sprinkle system. There is 4 yrs and 8 months left on original lease plus 2 (5) year options which they will be exercising. This is a NNN with owners responsible for roof and structure only. Lease has increases of 2% annually and the management fee is 1k with 3% annual leases.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,086 SF
Building Class
B
Year Built
2012
Price
$2,791,840 CAD
Price Per SF
$458.73 CAD
Cap Rate
6.10%
NOI
$170,266 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,086 SF
Building FAR
0.21
Lot Size
0.65 AC
Zoning
C-I - COMMUNITY BUSINESS DISTRICT
Parking
28 Spaces (4.6 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

DaVita is a leading provider of kidney care services headquartered in Denver, Colorado. Founded in 1994, the company operates a nationwide network of outpatient dialysis centers and offers integrated care for patients with chronic kidney disease and end-stage renal disease. The Girard Estates Dialysis center in Philadelphia provides in-center hemodialysis and related clinical support. DaVita serves approximately 240,000 patients globally and is listed on the New York Stock Exchange under the ticker symbol DVA. The organization emphasizes clinical quality and innovation in dialysis treatment and participates in Medicare and Medicaid programs.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Health Care and Social Assistance - $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20A220-G-A1B
Land Assessment
$697,017 CAD
Improvements Assessment
$1,769,688 CAD
Total Assessment
$2,466,705 CAD
  • Listing ID: 32996797

  • Date on Market: 2024-08-29

  • Last Updated:

  • Address: 1360 N Shenandoah Ave, Front Royal, VA 22630

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