322 Washington St
Brookline, MA 02445
DaVita Dialysis · Office Property For Sale

Marcus & Millichap has been selected to exclusively market for sale a single tenant DaVita Dialysis located in the affluent Boston suburb of Brookline. The average household income within a one mile radius is about $122,256. The subject property is situated in a dense infill location and currently undergoing a major renovation estimated to cost approximately $2.2 million.* There are 14 years remaining on the initial lease term with 10% rent increases every 5 years, which continue through each of the two, five-year renewal option periods. The lease has minimal Landlord responsibilities, especially when compared to other DaVita and Fresenius leases that require significantly more Landlord responsibilities such as HVAC replacement, dayto- day management and replacement of the parking lot areas. The subject property’s lease is triple net with Landlord maintenance responsibilities for roof and structure only (see page 6 for details).* This offering allows an investor to acquire a credit-rated tenant (S&P BB / Moody’s Ba2) specializing in the growing dialysis market and situated in the coveted Boston market. In 2015, the global market for dialysis products and services reached an estimated $69.45 billion and is expected to reach $93.83 billion by 2020. The subject property’s unique layout has approximately 36 parking spaces, which is critical for ambulance and patient accessibility / According to the Brookline Assessor’s Office, parking along Washington Street is generally tight and such a property would be very difficult to replicate in the Brookline market *Investor and their advisor/broker will need to verify this information during their Due Diligence Period. **Per the Brookline Assessor's Office, the gross building area is estimated to be 29,518 square feet. Gross building area, building rentable area, lot size, year built, and renovation dates are approximate and will need to be verified by buyer during the due diligence process. As set forth in the lease, the building rentable area is approximately 15,536 square feet. According to the Brookline Assessor's office, approximately 8,034 square feet of the gross building area consists of medical clinic and office space. The remaining gross building area consists of street level garage parking space, basement level parking space and unfinished basement space.