DaVita
Early Lease Renewal | 10+ Years Remaining | Credit Tenant & 6+ Cap Rate
Marketing description
CBRE is pleased to present a DaVita for sale located at 38454 5th St. W in Palmdale, CA. DaVita recently executed
an early lease renewal, extending the remaining lease term to over 10 years, demonstrating a strong, long-term
commitment to the location and market. The fee-simple property includes a 13,750 SF building on a 1.46 ACRE lot
and benefits from being on 5th St W and just off the 14 Freeway, which sees a combined 140,000 vehicles per day.
The asset offers Ideal Demographics with 130,000 people and $80,000 household income in a 5-mile radius.
The property is less than a mile from Palmdale Medical Center which has 184 staffed beds and sees over 60,000
emergency department visits annually.
DaVita Inc. (“DVA”) is a publicly traded company that offers incredible strong credit to investors with a market cap of
$8.86 Billion. As of June 30, 2025, DaVita, Inc. has provided dialysis and administrative services through a network of
3,175 outpatient dialysis centers globally, serving a total of ±282,000 patients. DaVita, Inc. also provides acute inpatient
dialysis services in over 900 hospitals and related laboratory services throughout the United States.
Investment highlights
Strong Corporate Guarantee from a Credit Tenant | DaVita Inc. (“DVA”) has current market cap of $8.86 Billion and controls 37% of the U.S. dialysis market share, solidifying its position as the dominant force in the industry
Early Lease Renewal | DaVita recently executed an early lease renewal, extending the remaining lease term to over 10 years, demonstrating a strong, long-term commitment to the location and market
Strategic Location | 13,750 sf build-to-suit property that sits on an oversized 1.46-acre parcel with 68 parking stalls is custom-designed for DaVita and constructed specifically for tenant’s needs and strong patient demand
Ideal Demographics | 130,000 people and $80,000 household income in a 5-mile radius and less than a mile from Palmdale Medical Center which has 184 staffed beds and sees over 60,000 emergency department visits annually
Proximate to Major Freeway | Located on 5th St W and Palmdale Blvd., just off the 14 Freeway, which sees a combined 140,000+ VPD
Ease of Circulation | DaVita benefits from five different points of ingress/ egress, with immediate access to tow main thoroughfares, creating user friendly traffic flow
Fee Simple Ownership (Land and Building) | Depreciable Asset
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