Anaheim Medical Center 1324 S Euclid St 8,850 SF 100% Leased Office Building Anaheim, CA 92802 $6,083,000 ($687.34/SF) 6% Cap Rate

1324 S. Euclid Street consists of an 8,854-sf building situated on 25,962 sf of land. It is 100% leased to DaVita Dialysis (NYSE: DVA) and has 4 1/2 years remaining in the current lease term with 3.5% annual rent increases. Davita completely renovated this building in 2012 prior to moving into the property. It remains committed to this location by recently exercising its first of two 5-year renewal options which extended the lease to July 31, 2030. The lease is a modified double net lease that requires Davita to pay all operating expenses, except for costs related to structural damage to the property. The property is priced at 6% cap rate.