Listed by Encore Real Estate Investment Services
$1,350,000
Davita Northwood Dialysis
Details
Property Type Office
Sub Type Medical Office
Square Footage 9,840
Cap Rate 6.49%
NOI $87,648
Occupancy 100%
Tenancy Single
Brand/Tenant DaVita
Lease Type NN
Lease Term 25
Lease Expiration 03/31/2030
Remaining Term 3.8
Rent Bumps Yes
Lease Options (1) 5-Year Option at FMV not to exceed 2%
Price per SqFt $137
Class B
Year Built 1988
Buildings 1
Acreage 1.630
Zoning CBD
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2005
20+ Year Operating History
Investment highlights
20+ Year Operating History
Recent 5-Year Extension Highlighting Tenant Commitment to the Location
Only (1) 5-Year Renewal Remains at Below Market Rent, Providing Upside in Lease Negotiations for Future Owner
Brand New Parking Lot Installed in 2024
Market Rents Average $18.55/sf Providing Rental Upside at End of Lease in 2035
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$87,648.00
$7,304.00/mo
Valuation Metrics
0
DSCR
6.49%
Cap Rate
6.49%
ROI
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