1382 Locust St
Pasadena, CA 91106
Brand New DaVita with 2% annual increases · Retail Property For Sale

The Pasadena DaVita clinic is a 2017 build-to-suit, state-of-the-art medical facility that is 100% leased to DaVita via a new 15-year lease term, with rent commencement in September 2017. The lease is corporately guaranteed by DaVita Inc., and includes rare annual rent increases of 2% during the primary term and option periods. This location provides kidney dialysis services, and consists of 11,692 square feet housing 24 patient stations, plus 1 private station located in a separate room. The clinic features an irreplaceable infill location and is ideally located with excellent access and visibility on Locust Street (Traffic Count: 33,093 VPD) in Pasadena. The site sits just 2.5 blocks north of Colorado Blvd aka Historic Route 66 a major east west corridor running from Griffith Park and ending in Monrovia and is located just 1.5 blocks south of Interstate 210 (Traffic Count: 295,000 VPD) which provides direct access to Los Angeles as well as other major cities within Greater L.A. The facility is surrounded by dense residential neighborhoods, national retail tenants and some the regions primary demand generators including Old Town Pasadena, Paseo Colorado, The Rose Bowl, California Institute of Technology and The Huntington Library. Old Town Pasadena spans 21 blocks and boasts upscale retail shops and a wide variety of restaurants, nightclubs, outdoor cafes, pubs and comedy clubs. Furthermore, the clinic is just 3-miles from the Huntington Hospital, a 625-bed nationally awarded and recognized hospital. It was recently honored as a Top 50 Hospital in America. In addition to its location within Pasadena, the facility is proximate to some of Los Angeles’ most affluent neighborhoods including Arcadia, San Marino, La Canada and Glendale. Pasadena is recognized as one of the primary cultural centers in the Los Angeles Area. It is located just 10 miles northeast of downtown Los Angles at the base of the San Gabriel Mountains. It is known for hosting the annual Rose Bowl football game and the Tournament of Roses parade. In addition, Pasadena is a large employment center, housing with over 7 million square feet of office space. It is home to many scientific and cultural institutions, including Caltech, JPL, Pasadena City College, and the Pasadena Playhouse. It is the 9th largest city in Los Angeles County and consistently ranks as one of the area’s most affluent neighborhoods. The population within a 5-mile radius of the facility exceeds 470,000 residents and household income exceeds $112k within a 3-mile radius. The Greater Los Angeles Area contains over 18.5 million residents. It is the 2nd most populous area in the United States and 18th Largest metropolitan area in the World.