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16417 Whittier Blvd 9,275 SF Office Building Whittier, CA 90603 $5,545,129 CAD ($597.86 CAD/SF) 6.10% Cap Rate
Investment Highlights
- Infill Single-Tenant DaVita w/ Long Operating History and Term
- Recent Capital Improvements
- Below Market Lease and Term
- Bonus Depreciation Advantage
Executive Summary
Infill Single-Tenant DaVita with Long Operating History and Term
* Strong Tenant and Operating History | The property presents the opportunity to own a DaVita operated dialysis clinic in an extremely infill location. The building has been operating as a Dialysis center for 20+ years, and DaVita took over the operations in 2024.
* Below Market Lease and Term | With ±7.6 years remaining on the lease with annual increases and a rent that is ±11.4% below market level, the offering provides attractive cash flow, term and upside.
* Recent Capital Improvements | Seller and Tenant have both put a considerable amount of money into the building recently with improvement projects consisting of the installation of two new HVAC units that handle patient treatment areas, new fire sprinkler system throughout the building, seismic retrofitting and exterior and rebranding.
* Bonus Depreciation Advantage | Given the new tax legislation passed July 2025, new ownership has the opportunity to accelerate the depreciation deduction in
the first year of ownership, which would provide significant upfront tax savings and improve cash flow. CBRE’s Cost Segregation Analysis estimates that such Year 1 deduction could total as much as ±$950,000 with this purchase.
* Strong Tenant and Operating History | The property presents the opportunity to own a DaVita operated dialysis clinic in an extremely infill location. The building has been operating as a Dialysis center for 20+ years, and DaVita took over the operations in 2024.
* Below Market Lease and Term | With ±7.6 years remaining on the lease with annual increases and a rent that is ±11.4% below market level, the offering provides attractive cash flow, term and upside.
* Recent Capital Improvements | Seller and Tenant have both put a considerable amount of money into the building recently with improvement projects consisting of the installation of two new HVAC units that handle patient treatment areas, new fire sprinkler system throughout the building, seismic retrofitting and exterior and rebranding.
* Bonus Depreciation Advantage | Given the new tax legislation passed July 2025, new ownership has the opportunity to accelerate the depreciation deduction in
the first year of ownership, which would provide significant upfront tax savings and improve cash flow. CBRE’s Cost Segregation Analysis estimates that such Year 1 deduction could total as much as ±$950,000 with this purchase.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,275 SF
Building Class
C
Year Built
1954
Price
$5,545,129 CAD
Price Per SF
$597.86 CAD
Cap Rate
6.10%
NOI
$338,253 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,275 SF
Building FAR
0.41
Lot Size
0.52 AC
Zoning
R-4 - Heavy Multifamily Residential
Parking
35 Spaces (1 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 8233-009-009 | Improvements Assessment | $384,674 CAD |
| Land Assessment | $1,061,973 CAD | Total Assessment | $1,446,647 CAD |
Property Taxes
Parcel Number
8233-009-009
Land Assessment
$1,061,973 CAD
Improvements Assessment
$384,674 CAD
Total Assessment
$1,446,647 CAD
Contacts
-
Sammy Cemo -
Mark Shaffer -
Anthony DeLorenzo -
Bryan Johnson -
Dylan Rutigliano -
CBRE
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16417 Whittier Blvd
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