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235 W Chelten Ave
Philadelphia, PA 19144
DaVita Dialysis | 13+ Year Net Lease · Office Property For Sale

Investment Highlights

  • Corporately Guaranteed - The DaVita Dialysis lease is backed by a corporate guarantee from DaVita, Inc. (S&P: "BB"), a Fortune 500® company and the le
  • Dense Urban Area - Located 10 miles from downtown Philadelphia, 837,000+ residents live within a 5-mile radius of the subject property. The average ho
  • High Utilization Facility - 26 Stations, running 6 days per week along with peritoneal dialysis and home training.
  • Recent Lease Extension - DaVita Dialysis recently executed an early 10-year lease extension, resulting in over 13 years remaining on their current lea
  • Annual Rent Escalations - The DaVita Dialysis lease provides for 1.00% rental rate escalations in each of the remaining 13 lease years. Additionally,

Property Facts

Property Type
Office
Property Subtype
Medical
Building Size
15,289 SF
Building Class
C
Year Built
1985
Tenancy
Single
Building Height
1 Story
Typical Floor Size
15,289 SF
Building FAR
0.40
Lot Size
0.87 AC
Zoning
CMX2.5 - CMX-2.5 Zoning: Pedestrian-friendly retail and service uses in commercial areas.

Amenities

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Signage
  • Reception
  • Central Heating
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
883364700
Land Assessment
$302,940
Improvements Assessment
$1,211,760
Total Assessment
$1,514,700
  • Listing ID: 32878198

  • Date on Market: 8/19/2024

  • Last Updated:

  • Address: 235 W Chelten Ave, Philadelphia, PA 19144

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