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DaVita Data Cener 1441 Court A 18,732 SF Industrial Building Tacoma, WA 98402 $8,218,260 CAD ($438.73 CAD/SF) 8.91% Cap Rate
Investment Highlights
- Annual 2% Rent Increases
- Proximity to Tacoma’s Active Commercial and Industrial Submarkets
- Strong Industrial Growth Driven by Proximity to Seattle’s Booming Market
- Corporately Backed Lease by DaVita, Inc (NYSE: DVA)
- 200,000+ Combined VPD (Near Port and I-5)
- Located Near Port of Tacoma
Executive Summary
The property is fully leased to DaVita, Inc., a Fortune 200 company with a market capitalization exceeding $10 billion, under a corporately guaranteed lease with more than 6 years remaining.
The lease features 2% annual rent increases and offers a cap rate 8.91%, providing stable, predictable income backed by one of the strongest credit tenants in the medical sector, which operates over 2,900 dialysis centers globally.
Located at 1441 Court A in downtown Tacoma, this three-story medical data center occupies a hard-to-replace site adjacent to the Port of Tacoma and just one mile from Interstate 5, which sees more than 200,000 vehicles per day. The location offers excellent access and visibility, with close proximity to major transportation corridors and port infrastructure that drive regional commerce. Tacoma’s industrial market remains among the most active in the country, supported by port operations that handle 10–13 million tons of cargo annually and generate over $25 billion in economic activity.
The lease features 2% annual rent increases and offers a cap rate 8.91%, providing stable, predictable income backed by one of the strongest credit tenants in the medical sector, which operates over 2,900 dialysis centers globally.
Located at 1441 Court A in downtown Tacoma, this three-story medical data center occupies a hard-to-replace site adjacent to the Port of Tacoma and just one mile from Interstate 5, which sees more than 200,000 vehicles per day. The location offers excellent access and visibility, with close proximity to major transportation corridors and port infrastructure that drive regional commerce. Tacoma’s industrial market remains among the most active in the country, supported by port operations that handle 10–13 million tons of cargo annually and generate over $25 billion in economic activity.
Property Facts
| Price | $8,218,260 CAD | Rentable Building Area | 18,732 SF |
| Price Per SF | $438.73 CAD | No. Stories | 3 |
| Sale Type | Investment | Year Built | 1923 |
| Cap Rate | 8.91% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 4.31/1,000 SF |
| Property Subtype | Telecom Facility | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.21 AC | Opportunity Zone |
Yes
|
| Zoning | DCC - Downtown Commercial Core | ||
| Price | $8,218,260 CAD |
| Price Per SF | $438.73 CAD |
| Sale Type | Investment |
| Cap Rate | 8.91% |
| Property Type | Industrial |
| Property Subtype | Telecom Facility |
| Building Class | C |
| Lot Size | 0.21 AC |
| Rentable Building Area | 18,732 SF |
| No. Stories | 3 |
| Year Built | 1923 |
| Tenancy | Single |
| Parking Ratio | 4.31/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | DCC - Downtown Commercial Core |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 201402-0030 | Improvements Assessment | $7,829,374 CAD |
| Land Assessment | $1,635,860 CAD | Total Assessment | $9,465,234 CAD |
Property Taxes
Parcel Number
201402-0030
Land Assessment
$1,635,860 CAD
Improvements Assessment
$7,829,374 CAD
Total Assessment
$9,465,234 CAD
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DaVita Data Cener | 1441 Court A
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