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DaVita Dialysis & Richmond Nephrology 671 Hioaks Rd 14,647 SF 100% Leased Office Building Richmond, VA 23225 $8,850,030 CAD ($604.22 CAD/SF) 6% Cap Rate
Investment Highlights
- Proximity to Chippenham Hospital
- Long-Term Leases with 2.75% Annual Rent Escalations (Avg.)
- Integrated Referral Advantage
- Established Tenant Operating History
Executive Summary
Peranich Huffman Net Lease Group is pleased to offer the exclusive opportunity to acquire DaVita Dialysis & Richmond Nephrology Associates, a 14,647-square-foot dual-tenant medical property located at 671 Hioaks Road, Richmond, VA. The property is 100% occupied on 1.15 acres and reflects a 6.00% capitalization rate on net operating income of $388,471. Originally constructed in 1991 and renovated in 2016, the facility serves dialysis and nephrology patients in the Richmond market and features a weighted-average lease term remaining of approximately 11.2 years.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,647 SF
Building Class
C
Year Built
1991
Price
$8,850,030 CAD
Price Per SF
$604.22 CAD
Cap Rate
6%
NOI
$531,002 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,324 SF
Building FAR
0.29
Lot Size
1.16 AC
Zoning
R-3 - Commercial
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | C005-0776-033 | Improvements Assessment | $2,797,839 CAD |
| Land Assessment | $550,820 CAD | Total Assessment | $3,348,660 CAD |
Property Taxes
Parcel Number
C005-0776-033
Land Assessment
$550,820 CAD
Improvements Assessment
$2,797,839 CAD
Total Assessment
$3,348,660 CAD
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DaVita Dialysis & Richmond Nephrology | 671 Hioaks Rd
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