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DaVita Dialysis & Richmond Nephrology 671 Hioaks Rd 14,647 SF 100% Leased Office Building Richmond, VA 23225 $6,475,000 ($442.07/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Proximity to Chippenham Hospital
- Long-Term Leases with 2.75% Annual Rent Escalations (Avg.)
- Integrated Referral Advantage
- Established Tenant Operating History
EXECUTIVE SUMMARY
Peranich Huffman Net Lease Group is pleased to offer the exclusive opportunity to acquire DaVita Dialysis & Richmond Nephrology Associates, a 14,647-square-foot dual-tenant medical property located at 671 Hioaks Road, Richmond, VA. The property is 100% occupied on 1.15 acres and reflects a 6.00% capitalization rate on net operating income of $388,471. Originally constructed in 1991 and renovated in 2016, the facility serves dialysis and nephrology patients in the Richmond market and features a weighted-average lease term remaining of approximately 11.2 years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,647 SF
Building Class
C
Year Built
1991
Price
$6,475,000
Price Per SF
$442.07
Cap Rate
6%
NOI
$388,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,324 SF
Building FAR
0.29
Lot Size
1.16 AC
Zoning
R-3 - Commercial
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PROPERTY TAXES
| Parcel Number | C005-0776-033 | Improvements Assessment | $2,047,000 |
| Land Assessment | $403,000 | Total Assessment | $2,450,000 |
PROPERTY TAXES
Parcel Number
C005-0776-033
Land Assessment
$403,000
Improvements Assessment
$2,047,000
Total Assessment
$2,450,000
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DaVita Dialysis & Richmond Nephrology | 671 Hioaks Rd
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