1221 Rossmoor Pky
Walnut Creek, CA 94595
Office Property For Sale
Investment Highlights
- DaVita (NYSE:DVA) is a Fortune 500 company with a Moody’s credit rating of Ba2, 2018 revenue over $11B and a market capitalization of more than $9B.
- DaVita’s largest shareholder is Warren Buffett’s (BH) with a stake of 38.6 million shares, accounting for approximately 23% of DVA’s ownership.
- DaVita Walnut Creek Dialysis is leased to Total Renal Care, Inc. and guaranteed by DaVita Healthcare Partners, Inc.
- DaVita Kidney Care’s 77,000 employees provide services to 203,000 patients across their 2,664 outpatient dialysis centers.
- DaVita controls 33% of the U.S. dialysis market, serving nearly 42% of the total dialysis patients.
- The property has a NNN lease structure with limited landlord responsibilities, resulting in simplified management and ownership.
Property Facts
About 1221 ROSSMOOR PKY , WALNUT CREEK, CA 94595
ERE Healthcare Real Estate Advisors (“ERE Advisors”) exclusively represents the owners of the DaVita Walnut Creek Dialysis (“the Property”) in the sale of their facility. The property was a build-to-suit for DaVita in 2014 and is located in Walnut Creek, California, approximately 18-miles east of San Francisco in the affluent East Bay region of the Bay Area. This generational asset is located in the densely populated Rossmoor area, surrounded by national retailers and dominant healthcare providers, all of whom service the renowned Rossmoor Senior Living Community, a gated 55+ residential development with over 9,200 residents. The property’s strategic location in this high barrier to entry community makes it a desirable long-term investment. DaVita’s commitment to the space is evidenced by 21 dialysis stations, supporting the consistent influx of patients. The tenant, DaVita Kidney Care (NYSE:DVA), is a Fortune 500 company with a Moody’s credit rating of Ba2. Davita has operated in the property since 2014 and has over 10-years remaining on the original 15 year, corporately guaranteed, NNN lease. Rent increases 10% every 5 years with the next increase in 2025.
Property Taxes
| Parcel Number | 186-030-026-6 | Improvements Assessment | $5,949,155 |
| Land Assessment | $3,184,901 | Total Assessment | $9,134,056 |
Property Taxes
