1424 E Whitmore Ave
Ceres, CA 95307
DaVita of Ceres, CA · Office Property For Sale

Peranich Huffman Net Lease Group is pleased to offer for sale on an exclusive basis the DaVita Dialysis ( DVA ) of Ceres, CA. The 9,000 sf, free standing facility was a build-to-suit completed in 2016 and strategically located in one of the fastest growing suburbs in the Modesto area. The Tenant' s rent commenced in March of 2016 on a fifteen year term with 10% bumps every five years and two options to renew. The Landlord is responsible for maintaining the roof, foundation, structure, parking area and HVAC. In addition to the operating expenses the Tenant is obligated to reimburse the Landlord for any costs associated with the parking area, roof and HVAC. DaVita has a net worth in excess of $16.2 billion and currently holds an Investment Grade Standard & Poor' s credit rating of BB. DaVita provides dialysis services for patients suffering from chronic kidney failure, which is also known as end stage renal disease (ESRD) in the United States. It operates kidney dialysis centers, and provides related medical services primarily in dialysis centers and in contracted hospitals. Offered at a 5.50% capitalization rate, DaVita of Ceres, CA provides an investor with the opportunity to acquire a property with a strong operation that is home to a national medical tenant that exemplifies a reputation of consistency for both patients and the real estate investment community.