DaVita Data Center
Corporately Backed Lease by DaVita | Annual 2% Rent Increases | 8.91% CAP
Marketing description
The property is fully leased to DaVita, Inc., a Fortune 200 company with a market capitalization exceeding $10 billion, under a corporately guaranteed lease with more than 6 years remaining.
The lease features 2% annual rent increases and offers a cap rate 8.91%, providing stable, predictable income backed by one of the strongest credit tenants in the medical sector, which operates over 2,900 dialysis centers globally.
Located at 1441 Court A in downtown Tacoma, this three-story medical data center occupies a hard-to-replace site adjacent to the Port of Tacoma and just one mile from Interstate 5, which sees more than 200,000 vehicles per day. The location offers excellent access and visibility, with close proximity to major transportation corridors and port infrastructure that drive regional commerce. Tacoma’s industrial market remains among the most active in the country, supported by port operations that handle 10–13 million tons of cargo annually and generate over $25 billion in economic activity.
Investment highlights
DaVita Data Center Net Leased Offering
Annual 2% Rent Increases
Corporately Backed Lease by DaVita, Inc (NYSE:DVA)
Proximity to Tacoma’s Active Commercial and Industrial Submarkets
200,000+ Combined VPD (Near Port and I-5)
Strong Industrial Growth Driven by Proximity to Seattle’s Booming Market
Located Near Port of Tacoma
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