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25718515
25718516

13939 E 14th St, San Leandro, CA 94578

LS
CA CA 01443387
Fisher James Capital
PD
CA 01750064
Fisher James Capital
Listed by Fisher James Capital
$7,957,000
308 days on market
Updated 27 days ago

DaVita Anchored Medical Building

Details
Property Type Office
Sub Type Medical Office
Square Footage 15,152
Units 5
Cap Rate 6.25%
NOI $497,287
Occupancy 100%
Tenancy Multi
Brand/Tenant DaVita, Concentra
Lease Type Net
Broker Co-Op Yes
Year Built 2002
Buildings 1
Stories 1
Acreage 1.100
Investment Type Net Lease
Tenant Credit Credit Rated

Fully Leased Medical Office Anchored by DaVita Dialysis & Concentra in San Francisco Bay Area

Marketing description

Fully leased medical office building in Northern California anchored by DaVita Dialysis and Concentra. The property features high-quality, well-maintained construction and ample dedicated on-site parking in an irreplaceable infill location directly adjacent to a hospital.

The subject property is easily accessible and features prominent monument signage along East 14th Street (11,879 ADT), a major north-south corridor that transitions into Mission Boulevard in Hayward and International Boulevard in Oakland. It is strategically framed by three major Bay Area freeways—Interstate 580, Interstate 880, and I-238/SR-238—which provide a combined average daily traffic count of 542,000. The site is also well served by public transportation, with AC Transit routes nearby and proximity to both the San Leandro and Bay Fair BART Stations. Oakland International Airport (OAK) is conveniently located just 5 miles away. It serves more than 11 million passengers annually, as well as more than 1 trillion pounds of freight annually, and employs more than 8,000.

Adjacent to the site are several key medical and community facilities, including the San Leandro Senior Community Center, the Doctors’ Office Building of San Leandro, the San Leandro Hospital Medical Arts Building, and Alameda Health System’s San Leandro Hospital—a 93-bed Level II emergency center offering critical care, surgical, and rehabilitation services, which creates a steady source of local traffic and referrals. Additionally, Kaiser Permanente San Leandro Medical Center, located just over 2 miles away, is a 216-bed facility employing more than 2,100 staff. Kindred Hospital San Francisco Bay Area, a 99-bed long-term acute care facility, is also within a 2-mile radius. The immediate area includes San Leandro High School’s Fred T. Korematsu Campus, McKinley Elementary School, Jefferson Elementary School, Play Pals Preschool, Walgreens, East Bay Hand Medical Center, San Leandro Surgery Center, Bay Area Foot Care, and the Boys & Girls Clubs of San Leandro, further contributing to the strong, built-in traffic and demand base.

Investment highlights

  • Fully Leased Medical Office Anchored by DaVita Dialysis & Concentra: 65% of the GLA is leased to investment grade tenants

  • Long Term Tenancy: DaVita has occupied this location for more than 23 years and Concentra for over 19 years

  • Adjacent to San Leandro Hospital: Built-in customer referral base

  • Easy Access to Highways 580 & 880 in Dense East Bay Area: 1.3 miles from San Leandro BART station & 5.7 miles from Oakland International Airport

  • Strong Demographics within a 5-Mile Radius: Population of 370,635 and average household income of $134,004

Listing Contacts

LS
CA CA 01443387
Fisher James Capital
PD
CA 01750064
Fisher James Capital
Listed by Fisher James Capital

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$497,287.00
$41,440.58/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Lindsey Snider
License
CA 01443387
Brokerage
Fisher James Capital
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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