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DaVita Data Center 1441 Court A 18,732 SF Industrial Building Tacoma, WA 98402 $7,637,320 ($407.72/SF) 7% Cap Rate
Investment Highlights
- 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 6 years remaining. The lease features 2% annual rent increases and offers a cap rate 7%, 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.
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 | $7,637,320 | Rentable Building Area | 18,732 SF |
| Price Per SF | $407.72 | 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 Facility | 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 - Downtown Commercial Core | ||
| Price | $7,637,320 |
| Price Per SF | $407.72 |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Telecom Facility |
| 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 - Downtown Commercial Core |
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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