Log In/Sign Up
Your email has been sent.
DaVita, Inc. 6090 W Ramsey St 9,002 SF 100% Leased Office Building Banning, CA 92220 $6,633,169 CAD ($736.86 CAD/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Leading Operator – DaVita, Inc. | 2,675 clinics | 200,800 patients
- Growing Industry Insulated from Macroeconomic Changes – Over 562,000 ESRD patients | CAGR 3.0% (2010-2020)
- Strategic Location – Fast-growing Riverside County | Easy access to Interstate 10
- Strong Guarantee – $12.14 billion revenue | $691 million net income | S&P: BB
- Long-Term, Passive Lease – 12-year initial term plus three 5-year renewal options | Rent Growth – 10% rent increases every five years
- High-Income Area – Average household income of $106,255 (5-mile)
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant dialysis clinic facility located at 6050 W Ramsey Street, Banning, California.
The Property consists of 0.64 acres and a 9,002-square-foot, one-story medical office building that was built in 2003 for the exact specifications of the tenant, DVA Renal Healthcare, Inc., a subsidiary of DaVita, Inc. The property was recently acquired back by the Tenant and expanded in conjunction with the execution of this new lease. The property is ideally situated in Banning, a city located in Riverside County, within close proximity to Interstate 10, which connects to major population centers like Los Angeles and Palm Springs. The site is also located across from San Gorgonio Memorial Hospital, enhancing its strategic importance in the local healthcare ecosystem.
The primary tenant, DaVita, Inc., is a leading provider of kidney care in the U.S., operating over 2,675 dialysis centers nationwide. The tenant has a newly executed 12-year net lease, which commences upon closing. The lease structure is double net (NN) with rent escalations of 10% every five years, providing stable and increasing income for investors. The current annual rent is $277,981, with the next rent increase to $305,780 scheduled for year six of the lease. The lease also offers three additional five-year renewal options, extending the potential term of the lease to 27 years.
As a leading healthcare operator, DaVita, Inc. is backed by strong financial performance, generating $12.14 billion in revenue and $691 million in net income as of 2023. The tenant holds a BB credit rating from Standard & Poor’s and a Ba3 rating from Moody’s, offering a reliable and stable income stream backed by one of the largest kidney care companies in the world.
In association with: BJ Feller - CA Lic. #2142445
The Property consists of 0.64 acres and a 9,002-square-foot, one-story medical office building that was built in 2003 for the exact specifications of the tenant, DVA Renal Healthcare, Inc., a subsidiary of DaVita, Inc. The property was recently acquired back by the Tenant and expanded in conjunction with the execution of this new lease. The property is ideally situated in Banning, a city located in Riverside County, within close proximity to Interstate 10, which connects to major population centers like Los Angeles and Palm Springs. The site is also located across from San Gorgonio Memorial Hospital, enhancing its strategic importance in the local healthcare ecosystem.
The primary tenant, DaVita, Inc., is a leading provider of kidney care in the U.S., operating over 2,675 dialysis centers nationwide. The tenant has a newly executed 12-year net lease, which commences upon closing. The lease structure is double net (NN) with rent escalations of 10% every five years, providing stable and increasing income for investors. The current annual rent is $277,981, with the next rent increase to $305,780 scheduled for year six of the lease. The lease also offers three additional five-year renewal options, extending the potential term of the lease to 27 years.
As a leading healthcare operator, DaVita, Inc. is backed by strong financial performance, generating $12.14 billion in revenue and $691 million in net income as of 2023. The tenant holds a BB credit rating from Standard & Poor’s and a Ba3 rating from Moody’s, offering a reliable and stable income stream backed by one of the largest kidney care companies in the world.
In association with: BJ Feller - CA Lic. #2142445
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,002 SF
Building Class
C
Year Built/Renovated
2003/2024
Price
$6,633,169 CAD
Price Per SF
$736.86 CAD
Cap Rate
5.85%
NOI
$388,040 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,002 SF
Slab To Slab
12’
Building FAR
0.32
Lot Size
0.64 AC
Zoning
CPS, Banning - General commercial services
Parking
20 Spaces (2.22 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 419-112-003 | Improvements Assessment | $3,027,751 CAD |
| Land Assessment | $586,286 CAD | Total Assessment | $3,614,037 CAD |
PROPERTY TAXES
Parcel Number
419-112-003
Land Assessment
$586,286 CAD
Improvements Assessment
$3,027,751 CAD
Total Assessment
$3,614,037 CAD
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
DaVita, Inc. | 6090 W Ramsey St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.