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DaVita Data Center 1441 Court A 18,732 SF Industrial Building Tacoma, WA 98402 $7,487,569 ($399.72/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Lease with Annual 2% Rent Increases
- Proximity to Tacoma’s Active Commercial and Industrial Submarkets
- Strong Industrial Growth Driven by Proximity to
- Corporately Backed Lease by DaVita, Inc (NYSE: DVA)
- 200,000+ Combined VPD (Near Port and I-5)
EXECUTIVE SUMMARY
The property is fully leased to DaVita, Inc., a Fortune 200 company with a
market capitalization exceeding $10 billion, under a corporately guaranteed
lease with more than 12 years remaining following a recent 15-year extension.
The lease features 2% annual rent increases and offers a blended cap rate of
5.85%, providing stable, predictable income backed by one of the strongest
credit tenants in the medical sector, which operates over 2,900 dialysis
centers globally.
Located at 1441 Court A in downtown Tacoma, this three-story medical data
center occupies a hard-to-replace site adjacent to the Port of Tacoma and
just one mile from Interstate 5, which sees more than 200,000 vehicles per
day. The location offers excellent access and visibility, with close proximity to
major transportation corridors and port infrastructure that drive regional
commerce. Tacoma’s industrial market remains among the most active in the
country, supported by port operations that handle 10–13 million tons of cargo
annually and generate over $25 billion in economic activity.
market capitalization exceeding $10 billion, under a corporately guaranteed
lease with more than 12 years remaining following a recent 15-year extension.
The lease features 2% annual rent increases and offers a blended cap rate of
5.85%, providing stable, predictable income backed by one of the strongest
credit tenants in the medical sector, which operates over 2,900 dialysis
centers globally.
Located at 1441 Court A in downtown Tacoma, this three-story medical data
center occupies a hard-to-replace site adjacent to the Port of Tacoma and
just one mile from Interstate 5, which sees more than 200,000 vehicles per
day. The location offers excellent access and visibility, with close proximity to
major transportation corridors and port infrastructure that drive regional
commerce. Tacoma’s industrial market remains among the most active in the
country, supported by port operations that handle 10–13 million tons of cargo
annually and generate over $25 billion in economic activity.
PROPERTY FACTS
| Price | $7,487,569 | Rentable Building Area | 18,732 SF |
| Price Per SF | $399.72 | No. Stories | 3 |
| Sale Type | Investment NNN | Year Built | 1923 |
| Cap Rate | 7% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 4.31/1,000 SF |
| Property Subtype | Telecom Hotel/Data Hosting | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.21 AC | Opportunity Zone |
Yes
|
| Zoning | DCC | ||
| Price | $7,487,569 |
| Price Per SF | $399.72 |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Telecom Hotel/Data Hosting |
| Building Class | C |
| Lot Size | 0.21 AC |
| Rentable Building Area | 18,732 SF |
| No. Stories | 3 |
| Year Built | 1923 |
| Tenancy | Single |
| Parking Ratio | 4.31/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | DCC |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 201402-0030 | Improvements Assessment | $5,739,000 |
| Land Assessment | $1,199,100 | Total Assessment | $6,938,100 |
PROPERTY TAXES
Parcel Number
201402-0030
Land Assessment
$1,199,100
Improvements Assessment
$5,739,000
Total Assessment
$6,938,100
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DaVita Data Center | 1441 Court A
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