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DaVita | 5.65% In-Place CAP | 335k Reduction 883 Patriot Dr

27,404 SF 100% Leased Office Building Moorpark, CA 93021 £5,680,800 (£207/SF) 5.65% Net Initial Yield

Investment Highlights

  • Recession Resistant Investment: Corporate Guaranty by DaVita Dialysis, 2,179+ Locations
  • High-Traffic Location; Surround by National Retailers and Restaurants
  • Dialysis Demend: Within 5-mile radius, expecting over 11% growing population in the age group from 65 to 84 by 2027
  • Original 15 Years with (2) Five-Year Options at FMV
  • High Income Demographics: With a 5-mile radius with Average Household Income over $146,000
  • Affordability: Within 5-mile radius, Age 55-74 population with average household income of approximate $150,000

Executive Summary

The sale of this property is only subject to Condo units C,D,E. It is a rare opportunity to purchase Three (3) condo units 100% occuiped by DaVita. DaVita is a publically-traded, Fortune 500 company with revenues exceeding $11 Billion with a netword of over 2,179 outpatient dialysis center across the states. It provides a variety of health care services to patient populations throughout the United States and abroad with over 200,000 dialysis patients.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
27,404 SF
Building Class
B
Year Built
2009
Price
£5,680,800
Price Per SF
£207
Net Initial Yield
5.65%
NOI
£321,028
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,797 SF
Building FAR
0.38
Land Acres
1.65 AC
Zoning
SP92-1
Parking
69 Spaces (5.95 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 512-0-460-065
  • 512-0-460-055
  • 512-0-460-075
  • 512-0-460-095
  • 512-0-460-085
Land Assessment
£3,145,002
Improvements Assessment
£4,717,982
Total Assessment
£7,862,984
  • Listing ID: 27860296

  • Date on Market: 01/03/2023

  • Last Updated:

  • Address: 883 Patriot Dr, Moorpark, CA 93021

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