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DaVita 38454 5th St W 13,750 SF Office Building Palmdale, CA 93551 $7,030,783 ($511.33/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee from a Credit Tenant | DaVita Inc. (“DVA”) has current market cap of $8.86 Billion and controls 37% of the U.S. dialysis ma
- Ideal Demographics | 130,000 people and $80,000 household income in a 5-mile radius and less than a mile from Palmdale Medical Center which has 184 st
- Ease of Circulation | DaVita benefits from five different points of ingress/ egress, with immediate access to tow main thoroughfares, creating user fr
- Strategic Location | 13,750 sf build-to-suit property that sits on an oversized 1.46-acre parcel with 68 parking stalls is custom-designed for DaVita
- Proximate to Major Freeway | Located on 5th St W and Palmdale Blvd., just off the 14 Freeway, which sees a combined 140,000+ VPD
- Fee Simple Ownership (Land and Building) | Depreciable Asset
EXECUTIVE SUMMARY
CBRE is pleased to present a DaVita for sale located at 38454 5th St. W in Palmdale, CA The fee-simple property includes a 13,750 SF building on a 1.46 ACRE lot and benefits
from being on 5th St W and just off the 14 Freeway, which sees a combined 140,000 vehicles per day. DaVita has been successfully operating at this location for 9+ years.
There are over 5 years remaining on the lease with 10% rental increases every 5 years, including the option periods, offering a strong hedge against inflation. The asset offers
Ideal Demographics with 130,000 people and $80,000 household income in a 5-mile radius. The property is less than a mile from Palmdale Medical Center which has 184 staffed beds and sees over 60,000 emergency department visits annually.
DaVita Inc. (“DVA”) is a publicly traded company that offers incredible strong credit to investors with a market cap of $8.86 Billion. As of June 30, 2025, DaVita, Inc. has provided dialysis and administrative services through a network of 3,175 outpatient dialysis centers globally, serving a total of ±282,000 patients. DaVita, Inc. also provides acute inpatient dialysis services in over 900 hospitals and related laboratory services throughout the United States.
from being on 5th St W and just off the 14 Freeway, which sees a combined 140,000 vehicles per day. DaVita has been successfully operating at this location for 9+ years.
There are over 5 years remaining on the lease with 10% rental increases every 5 years, including the option periods, offering a strong hedge against inflation. The asset offers
Ideal Demographics with 130,000 people and $80,000 household income in a 5-mile radius. The property is less than a mile from Palmdale Medical Center which has 184 staffed beds and sees over 60,000 emergency department visits annually.
DaVita Inc. (“DVA”) is a publicly traded company that offers incredible strong credit to investors with a market cap of $8.86 Billion. As of June 30, 2025, DaVita, Inc. has provided dialysis and administrative services through a network of 3,175 outpatient dialysis centers globally, serving a total of ±282,000 patients. DaVita, Inc. also provides acute inpatient dialysis services in over 900 hospitals and related laboratory services throughout the United States.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
13,750 SF
Building Class
B
Year Built
2016
Price
$7,030,783
Price Per SF
$511.33
Cap Rate
6%
NOI
$421,847
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,750 SF
Building FAR
0.22
Lot Size
1.46 AC
Zoning
PDC3
Parking
68 Spaces (4.95 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- May 2031
DaVita is a leading provider of kidney care services headquartered in Denver, Colorado. Founded in 1994, the company operates a nationwide network of outpatient dialysis centers and offers integrated care for patients with chronic kidney disease and end-stage renal disease. The Girard Estates Dialysis center in Philadelphia provides in-center hemodialysis and related clinical support. DaVita serves approximately 240,000 patients globally and is listed on the New York Stock Exchange under the ticker symbol DVA. The organization emphasizes clinical quality and innovation in dialysis treatment and participates in Medicare and Medicaid programs.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | May 2031 |
1 1
PROPERTY TAXES
| Parcel Number | 3004-002-033 | Improvements Assessment | $3,279,769 |
| Land Assessment | $3,938,969 | Total Assessment | $7,218,738 |
PROPERTY TAXES
Parcel Number
3004-002-033
Land Assessment
$3,938,969
Improvements Assessment
$3,279,769
Total Assessment
$7,218,738
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DaVita | 38454 5th St W
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