DaVita Dialysis 3111 Long Beach Blvd
8,400 SF Office Building Long Beach, CA 90807 $6,068,000 ($722/SF) 5% Cap Rate
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INVESTMENT HIGHLIGHTS
- Rare DaVita with Absolute NNN Lease
- Below Market Rent
- Easy Access from Major SoCal Interstate
- 20+ Years Operating History
- Primary Dialysis Center for Nearby Hospital
- One of the Largest Renal Care Providers
EXECUTIVE SUMMARY
This absolute NNN DaVita is a highly strategic site located just one mile from MemorialCare Long Beach Medical Center. Featuring below market rents, a 20+ year operating history, and easy access from Interstate-405 (292,500 VPD). The subject property is the largest DaVita in Long Beach, CA, with 28 dialysis stations constantly in use 6 days a week from as early as 3:30 am till as late as 10:30 pm, emphasizing the property’s strategic importance to DaVita’s operations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,400 SF
Building Class
B
Year Built
2002
Price
$6,068,000
Price Per SF
$722
Cap Rate
5%
NOI
$303,400
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,400 SF
Slab To Slab
12’
Building FAR
0.29
Lot Size
0.67 AC
Zoning
LBPD29
Parking
18 Spaces (2.14 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
Parcel Number | 7204-010-055 | Improvements Assessment | $2,225,459 |
Land Assessment | $2,108,329 | Total Assessment | $4,333,788 |