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Fresenius & Alameda Pediatric Dentistry 4510 O'Hara Blvd 10,003 sq ft 100% Let Office Property Brentwood, CA 94513 £3,915,937 (£391.48/sq ft) 6.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Passive two-tenant net leased investment with minimal landlord responsibilities.
- 3% annual increases in APD’s lease.
- Convenient access to Highway 4, John Muir Medical Center, and nearby retail amenities.
- Strong credit tenants, including a corporate guaranty from Fresenius Medical Care Holdings Inc. and multiple personal guarantees on APD’s lease.
- Offered by original developer, meticulously maintained with beautiful landscaping.
- Healthcare properties tend to perform well in challenging economic times, as tenants provide essential medical services.
EXECUTIVE SUMMARY
NEW PRICING
Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire a high-quality, two tenant net leased medical investment located at 4510 Ohara Avenue (the “Property”) in Brentwood, California. The Property is 100% leased to two established tenants: Fresenius Medical Care (lease expiring 1/30/2030) and Alameda Pediatric Dentistry “APD” (lease expiring 1/31/2035). Situated within the thriving TownCentre Brentwood, a three-building medical complex, this Property presents an excellent passive investment opportunity.
Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire a high-quality, two tenant net leased medical investment located at 4510 Ohara Avenue (the “Property”) in Brentwood, California. The Property is 100% leased to two established tenants: Fresenius Medical Care (lease expiring 1/30/2030) and Alameda Pediatric Dentistry “APD” (lease expiring 1/31/2035). Situated within the thriving TownCentre Brentwood, a three-building medical complex, this Property presents an excellent passive investment opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Property Size
10,003 sq ft
Costar Property Class
C
Year Built
2002
Price
£3,915,937
Price per sq ft
£391.48
Yield
6.50%
NOI
£254,440
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
10,003 sq ft
Plot ratio
0.33
Total Plot Size
0.69 ac
Use Class
PD-10 - Public Development
Parking
50 Spaces (5 Spaces per 1,000 sq ft Leased)
AMENITIES
- Natural Light
Walk Score®
Easily Walkable (79)
PROPERTY TAXES
| Parcel Number | 013-010-089-4 | Improvements Assessment | £1,202,839 |
| Land Assessment | £450,451 | Total Assessment | £1,653,290 |
PROPERTY TAXES
Parcel Number
013-010-089-4
Land Assessment
£450,451
Improvements Assessment
£1,202,839
Total Assessment
£1,653,290
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Fresenius & Alameda Pediatric Dentistry | 4510 O'Hara Blvd
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