Marcus & Millichap is pleased to present 950 S Eastern Avenue in Los Angeles, CA, a 10,816 square foot single tenant net leased medical building operated as a DaVita Dialysis Center since January 1, 2004.
The property is located in Central East Los Angeles, CA visible from and adjacent to the Interstate (710) Freeway with easy access. Long Term Credit Tenant - Da Vita Dialysis Center. Current term through 12/31/2029 with three (3) five (5) year options at Fair Market Value. Guarantor: DaVita, Inc. Initial Term.
DaVita Inc., a Fortune 500 company, is a leading healthcare provider focused on transforming care delivery to improve quality of life for patients. Davita, Inc. is one of the largest providers of kidney care services in the United States. Incorporated in 1999 in Denver, Colorado, DaVita.
Da Vita, Inc. provided dialysis, administrative and related laboratory services through a network of 2,675, outpatient dialysis centers in 46 states and DC, serving a total of approximately 200,800 patients with revenues exceeding $12.14 billion (USD) and adjusted operating income of $1.73 billion (USD) in 2023.
DaVita, Inc. holds a BB rating from Standard & Poor’s, and a long-term rating of Ba2 from Moody’s. DaVita currently trades in the NYSE under the listed name DVA. Ranked 341 of Fortune 500.