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Fresenius Medical Care 20931 Burbank Blvd 21,080 SF Office Building Woodland Hills, CA 91367 $21,691,213 CAD ($1,028.99 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- No Early Termination or Kick-Out Clause
- Lease Guaranteed by Leading Operator (Fresenius Medical Care)
- 15-Year NN Lease with 2.5% Annual Rent Escalations
- 2025 Building Modernization ($5.34M Total CapEx)
- Located in Affluent Warner Center Adjacent to Kaiser Hospital
- Mission-Critical Dialysis Infrastructure with 33 Stations
EXECUTIVE SUMMARY
Northmarq and CBRE are pleased to offer a recently renovated, single-tenant dialysis clinic located in Woodland Hills, California. The property sits on 2.04 acres within Warner Center Corporate Park and features a 21,080-square-foot medical office building, fully modernized in 2025 to meet Fresenius Kidney Care’s operational standards.
The renovation program totals over $5 million and includes significant upgrades such as a new roofing system, HVAC replacement, electrical enhancements, emergency power infrastructure, and specialized plumbing for dialysis operations. These improvements align with the lease’s landlord obligations and reduce future capital exposure.
Strategically located near Kaiser Permanente Woodland Hills Hospital and major freeways, the site benefits from strong demographics and excellent regional connectivity. The facility is leased to Fresenius Kidney Care under a long-term agreement backed by Fresenius Medical Care Holdings, Inc., the global leader in dialysis services.
In association with: Chris Bodnar, CA Lic. #01892501
The renovation program totals over $5 million and includes significant upgrades such as a new roofing system, HVAC replacement, electrical enhancements, emergency power infrastructure, and specialized plumbing for dialysis operations. These improvements align with the lease’s landlord obligations and reduce future capital exposure.
Strategically located near Kaiser Permanente Woodland Hills Hospital and major freeways, the site benefits from strong demographics and excellent regional connectivity. The facility is leased to Fresenius Kidney Care under a long-term agreement backed by Fresenius Medical Care Holdings, Inc., the global leader in dialysis services.
In association with: Chris Bodnar, CA Lic. #01892501
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$1,301,473
|
$61.74
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,301,473 |
| Annual Per SF | $61.74 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
21,080 SF
Building Class
B
Year Built
1984
Price
$21,691,213 CAD
Price Per SF
$1,028.99 CAD
Cap Rate
6%
NOI
$1,301,473 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
21,080 SF
Building FAR
0.24
Lot Size
2.04 AC
Zoning
WC-OR
Parking
63 Spaces (2.99 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Fresenius
- Health Care and Social Assistance
- 21,080 SF
- $61.74 CAD
- Double Net
- Aug 2038
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Fresenius | Health Care and Social Assistance | 21,080 SF | $61.74 CAD | Double Net | Aug 2038 |
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CONTACTS
-
Scott Briggs -
Toby Scrivner -
Kelly Largent -
Nathanael Berwaldt -
Sarah Martin -
Northmarq
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Fresenius Medical Care | 20931 Burbank Blvd
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