950 S Eastern Ave - Medical FOR SALE


Los Angeles, CA 90022- East Los Angeles
$3,200,000 USD
562-257-1200
950 S Eastern Ave, Los Angeles, CA for Sale
$3,200,000 USD
Medical - FOR SALE
1/3
null | 4.88% Cap Rate

950 S Eastern Ave
Los Angeles, CA 90022
East Los Angeles


HIGHLIGHTS

  • Long Term Credit Tenant - DaVita Dialysis Center. Current lease term through 12/31/2029 with three (3) five (5) year options at Fair Market Value.
  • Guarantor Initial Term: DaVita, Inc. a Fortune 500 company, provides dialysis and related laboratory services throughout the U.S.
  • Excellent Central Los Angeles regional location visible and adjacent to the Interstate (710) Freeway with easy access.
  • Vehicular Freeway Traffic: +/- 446,000 per day (3rd Qtr. 2024) (combined Interstates (710) and (5)) surrounding subject property.
  • Demographics: Population: 260,805 individuals (3 mi. circa 2024) and Average Household Income: $85,402 (3 mi. circa 2024).

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

4.88%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita Dialysis Center - Coming Soon!!

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,935 SF

ZONING

LCC2*

APN/PARCEL ID

5236-012-035

ASK ABOUT THIS PROPERTY

Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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