Owner/User/Investor Premier Medical Office
Office | 7.00% CAP | 8,426 SF
Investment highlights
Owner/User/Investor premier medical office available in Silicon Valley. Property can be delivered as-is with tenant in place or vacant with lease buyout opportunity.
The lease is corporately guaranteed by DaVita Healthcare Partners, Inc., and subleased to Satellite Healthcare.
There are six (6.7) years remaining on the lease term, with 10% rental increases every five (5) years.
The leasehold lease structure is double net (NN), with minimal landlord responsibilities. See page 9 for details.
There are 368,211 residents located in the five (5) mile demographic ring, and over 10,000 households in the one (1) mile demographic ring.
The average household income in the three (3) mile demographic ring is an affluent $241,276, which is far higher than the California state average of $113,468.
The subject property has strong frontage on El Camino Real, which reports high traffic counts of 52,500 cars per day.
The subject property is located in a medical corridor with eight (8) hospitals, medical centers, and clinics within one (1) mile, implying a strong, built-in customer base.
Mountain View is renowned for being the headquarters of several high-profile technology companies, including Google, which occupies a large portion of the city. Many other prominent tech firms have a presence in the area, contributing to a vibrant entrepreneurial ecosystem.
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