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DaVita 38454 5th St W 13,750 SF Office Building Palmdale, CA 93551 $8,884,172 CAD ($646.12 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Strong Corporate Guarantee from a Credit Tenant | DaVita Inc. (“DVA”) controls 37% of the U.S. dialysis market share
- Early Lease Renewal | DaVita recently executed an early lease renewal, extending the remaining lease term to over 10 years
- Ease of Circulation | DaVita benefits from five different points of ingress/ egress, with immediate access to tow main thoroughfares
- Strategic Location | 13,750 sf build-to-suit property that sits on an oversized 1.46-acre parcel with 68 parking stalls is custom-designed for DaVita
- Proximate to Major Freeway | Located on 5th St W and Palmdale Blvd., just off the 14 Freeway, which sees a combined 140,000+ VPD
- Fee Simple Ownership (Land and Building) | Depreciable Asset
Executive Summary
CBRE is pleased to present a DaVita for sale located at 38454 5th St. W in Palmdale, CA. DaVita recently executed
an early lease renewal, extending the remaining lease term to over 10 years, demonstrating a strong, long-term
commitment to the location and market. The fee-simple property includes a 13,750 SF building on a 1.46 ACRE lot
and benefits from being on 5th St W and just off the 14 Freeway, which sees a combined 140,000 vehicles per day.
The asset offers Ideal Demographics with 130,000 people and $80,000 household income in a 5-mile radius. The
property is less than a mile from Palmdale Medical Center which has 184 staffed beds and sees over 60,000
emergency department visits annually.
DaVita Inc. (“DVA”) is a publicly traded company that offers incredible strong credit to investors with a market cap of
$8.86 Billion. As of June 30, 2025, DaVita, Inc. has provided dialysis and administrative services through a network of
3,175 outpatient dialysis centers globally, serving a total of ±282,000 patients. DaVita, Inc. also provides acute inpatient
dialysis services in over 900 hospitals and related laboratory services throughout the United States.
an early lease renewal, extending the remaining lease term to over 10 years, demonstrating a strong, long-term
commitment to the location and market. The fee-simple property includes a 13,750 SF building on a 1.46 ACRE lot
and benefits from being on 5th St W and just off the 14 Freeway, which sees a combined 140,000 vehicles per day.
The asset offers Ideal Demographics with 130,000 people and $80,000 household income in a 5-mile radius. The
property is less than a mile from Palmdale Medical Center which has 184 staffed beds and sees over 60,000
emergency department visits annually.
DaVita Inc. (“DVA”) is a publicly traded company that offers incredible strong credit to investors with a market cap of
$8.86 Billion. As of June 30, 2025, DaVita, Inc. has provided dialysis and administrative services through a network of
3,175 outpatient dialysis centers globally, serving a total of ±282,000 patients. DaVita, Inc. also provides acute inpatient
dialysis services in over 900 hospitals and related laboratory services throughout the United States.
Property Facts Under Contract
Sale Type
Investment NNN
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
13,750 SF
Building Class
B
Year Built
2016
Price
$8,884,172 CAD
Price Per SF
$646.12 CAD
Cap Rate
6.25%
NOI
$555,261 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,750 SF
Building FAR
0.22
Lot Size
1.46 AC
Zoning
PDC3
Parking
68 Spaces (4.95 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- May 2036
Founded in 1993, DaVita has grown into a kidney care company focused on dialysis services, kidney health education, and support for people living with chronic kidney disease and end-stage kidney disease. The company's core business includes in-center and home dialysis, related laboratory services, and management and administrative services for outpatient dialysis centers. DaVita also works across the broader kidney care journey through patient support, treatment options guidance, and education programs, while maintaining operations in the United States and internationally through a wide network of care sites.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | May 2036 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3004-002-033 | Improvements Assessment | $4,613,056 CAD |
| Land Assessment | $5,540,233 CAD | Total Assessment | $10,153,290 CAD |
Property Taxes
Parcel Number
3004-002-033
Land Assessment
$5,540,233 CAD
Improvements Assessment
$4,613,056 CAD
Total Assessment
$10,153,290 CAD
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DaVita | 38454 5th St W
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