4350 S Ironwood Dr - Medical FOR SALE


South Bend, IN 46614- Southside South Bend
$4,800,000 USD
832-602-4876
4350 S Ironwood Dr, South Bend, IN for Sale
$4,800,000 USD
Medical - FOR SALE
1/5
null | 7% Cap Rate

4350 S Ironwood Dr
South Bend, IN 46614
Southside South Bend


HIGHLIGHTS

  • Minimal Landlord Responsibilities
  • Corporately Guaranteed
  • Strong Demographics
  • Recent Renovations

OVERVIEW

Investment Overview - Peranich Huffman Net Lease Group is pleased to offer for sale, the DaVita Dialysis of South Bend, Indiana. The 9,001 square foot medical facility is offered at a 7.00% capitalization rate. The offering provides an investor with the opportunity to acquire a property that is home to a national medical tenant that exemplifies a reputation of consistency for both patients and the real estate investment community. Lease Term - In 2015, DaVita Dialysis executed a 15-year lease at the South Bend, IN location. Currently, DaVita has 5 years of lease term remaining at an annual rate of $335,979 (January 2025) for the remainder of the lease term. The lease is backed by a corporate guarantee from DaVita Healthcare Partners, Inc. Net Lease Structure - The corporately guaranteed DaVita Dialysis lease is structured on a net basis, whereby the tenant is responsible for all expenses related to the roof, parking lot, HVAC, landscaping, property taxes, utilities, insurance premiums and janitorial services, as well as the interior of the premises. The landlord is responsible for the structure, electrical, exterior plumbing, and roof repairs exceeding $1,000/lease year. About The Tenant - DaVita Inc., a Fortune 500® company, and the parent company of DaVita Kidney Care, is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end stage renal disease. DaVita Kidney Care operates and provides administrative services at 2,800 outpatient dialysis centers serving approximately 204,000 patients in the U.S.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$532 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita Dialysis

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

CB

APN/PARCEL ID

71-09-29-151-007.000-033

ASK ABOUT THIS PROPERTY

Harrison WarrPeranich Huffman Net Lease GroupMore Info
832-602-4876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Harrison WarrPeranich Huffman Net Lease GroupMore Info
832-602-4876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.