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Investment Highlights

  • National Medical Dialysis Corporation

Executive Summary

This building was a custom build for DaVita in 2012. The dialysis center put in over 1 million of their own funds in the internal buildout to include full sprinkle system. There is 4 yrs and 8 months left on original lease plus 2 (5) year options which they will be exercising. This is a NNN with owners responsible for roof and structure only. Lease has increases of 2% annually and the management fee is 1k with 3% annual leases.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,086 SF
Building Class
B
Year Built
2012
Price
$2,000,000
Price Per SF
$328.62
Cap Rate
6.10%
NOI
$121,974
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,086 SF
Building FAR
0.21
Lot Size
0.65 AC
Zoning
C-I - COMMUNITY BUSINESS DISTRICT
Parking
28 Spaces (4.6 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

DaVita began as a subsidiary of Dun & Bradstreet in 1994, initially focusing on dialysis services. The company became independent through a leveraged buyout that same year and later rebranded as Total Renal Care Holdings. After facing financial difficulties in the late 1990s, Kent Thiry joined as CEO in 1999 and revitalized the organization. DaVita expanded significantly through acquisitions like Gambro Healthcare in 2005 and HealthCare Partners in 2012. Today, the company operates thousands of outpatient dialysis centers globally and provides various services including outpatient dialysis, lab services, home dialysis options, and disease management programs. DaVita remains committed to improving kidney care through clinical research and comprehensive patient services.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance - $9.99 Lorem Ipsum Jan 0000
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
20A220-G-A1B
Land Assessment
$494,300
Improvements Assessment
$1,255,000
Total Assessment
$1,749,300
  • Listing ID: 32996797

  • Date on Market: 8/29/2024

  • Last Updated:

  • Address: 1360 N Shenandoah Ave, Front Royal, VA 22630

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