4242-4252 Broadway
Oakland, CA 94611
Office Property For Sale

Completed in September 2017, a brand new construction 12,754± sq. ft. state of the art medical office building with elevator, structural parking garage, and 39 on-site parking spaces. Leased to TOTAL RENAL CARE, INC., and guaranteed by DAVITA HEALTHCARE PARTNERS, INC. for 15 years from a date to estimated be December 2017 at an annual rent of $ $801,240, increasing 10% every 5 years throughout the primary term of the lease. There are two 5 year renewal options at 95% of appraised Fair Market Rent Value (FMRV). The lease is net with the tenant responsible for taxes, insurance and maintenance. The landlord is responsible for maintaining and replacing the roof, structure, exterior plumbing and electrical systems, and parking areas and driveways, and replacement of HVAC (not maintenance). Tenant will reimburse landlord on an amortized basis the cost for replacement of the roof, parking areas and HVAC. Tenant will also reimburse up to $1,000/ year in roof maintenance expenses. If the tenant exercises its options, the guaranty by DaVita Healthcare Partners, Inc., terminates at that point.