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DaVita 38454 5th St W 13,750 SF Office Building Palmdale, CA 93551 $6,442,755 ($468.56/SF) 6.25% Cap Rate
Investment Highlights
- Strong Corporate Guarantee from a Credit Tenant | DaVita Inc. (“DVA”) controls 37% of the U.S. dialysis market share
- Early Lease Renewal | DaVita recently executed an early lease renewal, extending the remaining lease term to over 10 years
- Ease of Circulation | DaVita benefits from five different points of ingress/ egress, with immediate access to tow main thoroughfares
- 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
an early lease renewal, extending the remaining lease term to over 10 years, demonstrating a strong, long-term
commitment to the location and market. 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.
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- May 2036
DaVita began as a subsidiary of Dun & Bradstreet in 1994, initially focusing on dialysis services. The company became independent through a leveraged buyout that same year and later rebranded as Total Renal Care Holdings. After facing financial difficulties in the late 1990s, Kent Thiry joined as CEO in 1999 and revitalized the organization. DaVita expanded significantly through acquisitions like Gambro Healthcare in 2005 and HealthCare Partners in 2012. Today, the company operates thousands of outpatient dialysis centers globally and provides various services including outpatient dialysis, lab services, home dialysis options, and disease management programs. DaVita remains committed to improving kidney care through clinical research and comprehensive patient services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | May 2036 |
Property Taxes
| Parcel Number | 3004-002-033 | Improvements Assessment | $3,279,769 |
| Land Assessment | $3,938,969 | Total Assessment | $7,218,738 |
Property Taxes
Presented by
DaVita | 38454 5th St W
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