DaVita, Inc. | 430 Southridge Pkwy
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
DaVita, Inc. 430 Southridge Pkwy
6,227 SF Office Building Culpeper, VA 22701 $1,686,080 ($271/SF) 6.50% Cap Rate
Investment Highlights
- Leading Operator with Strong Guarantee
- Long-Term Lease with Rent Growth | 12.5% in 2028, 10% every 5 years in options
- Near Regional Hospital | UVA Culpeper Medical Ctr.
- Growing Industry Insulated from Macroeconomic Changes
- Economical Rents and Passive Expense Structure
- Near Washington DC | +/- 60 miles to the northeast
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in a single-tenant medical office facility located in Culpeper, Virginia (the "Property").
The Property consists of 0.43 acres and a one-story, 6,227-square-foot medical office building that was built in 1995 and renovated to the exact specifications of the Tenant in 2018. The Property is located on Southridge Parkway in the South Ridge Office Park in between James Monroe Highway/US-29 Highway (20k VPD) and Madison Road/US-29 Business (14k VPD) less than a mile from UVA Culpeper Medical Center in Virginia (72 staffed beds). There are nearly 80,000 in population in a fifteen-mile radius and an average household income in excess of $107,000 annually within a five-mile radius.
The Tenant completed a comprehensive retrofit-to-suit renovation project in 2018 to the exact specifications of the Tenant and strategically selected this site to grow its presence in the market. Prior to the renovation, the Tenant executed a fifteen (15) year lease expiring September 30, 2033. The rent is currently $109,595 with a 12.5% increase scheduled for October 1, 2028, and the lease is NN with landlord responsibilities being limited to roof, structure, parking lot, and HVAC replacement.
DaVita, Inc. is one of the leading kidney care companies in the world with over 2,724 outpatient clinics in 46 states. It also offers acute inpatient dialysis services in approximately 850 hospitals and it guarantees this lease unconditionally.
In association with: Christopher Doerr - VA Lic. #225186980
The Property consists of 0.43 acres and a one-story, 6,227-square-foot medical office building that was built in 1995 and renovated to the exact specifications of the Tenant in 2018. The Property is located on Southridge Parkway in the South Ridge Office Park in between James Monroe Highway/US-29 Highway (20k VPD) and Madison Road/US-29 Business (14k VPD) less than a mile from UVA Culpeper Medical Center in Virginia (72 staffed beds). There are nearly 80,000 in population in a fifteen-mile radius and an average household income in excess of $107,000 annually within a five-mile radius.
The Tenant completed a comprehensive retrofit-to-suit renovation project in 2018 to the exact specifications of the Tenant and strategically selected this site to grow its presence in the market. Prior to the renovation, the Tenant executed a fifteen (15) year lease expiring September 30, 2033. The rent is currently $109,595 with a 12.5% increase scheduled for October 1, 2028, and the lease is NN with landlord responsibilities being limited to roof, structure, parking lot, and HVAC replacement.
DaVita, Inc. is one of the leading kidney care companies in the world with over 2,724 outpatient clinics in 46 states. It also offers acute inpatient dialysis services in approximately 850 hospitals and it guarantees this lease unconditionally.
In association with: Christopher Doerr - VA Lic. #225186980
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,227 SF
Building Class
C
Year Built/Renovated
1995/2018
Price
$1,686,080
Price Per SF
$271
Cap Rate
6.50%
NOI
$109,595
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,227 SF
Building FAR
0.33
Land Acres
0.43 AC
Zoning
C2
Parking
30 Spaces (4.82 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $761,700 | |
| Land Assessment | $275,000 | Total Assessment | $1,036,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$275,000
Improvements Assessment
$761,700
Total Assessment
$1,036,700
-
Scott Briggs -
Kelly Largent -
David Read -
Sarah Martin -
Northmarq
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
DaVita, Inc. | 430 Southridge Pkwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.