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963 Lane Ave
Chula Vista, CA 91914
SANDERLING DIALYSIS CENTER | 2.5% Buyside Fee · Office Property For Sale
Investment Highlights
- HIGH-CALIBER OPERATOR: The property is leased to Sanderling Renal Services – a renal services operator with 19 locations.
- CLASS “A” REAL ESTATE: This property, constructed in 2008, features appealing finishes and boasts significant curb appeal.
- HEDGE AGAINST INFLATION: The tenant’s lease features annual rental bumps with an average escalator of 3%.
- STRONG SUBMARKET POSITIONING: Sanderling is located just off CA-125 on Otay Lakes Road in the heart of a major cluster of office & retail development.
- SIGNIFICANT TENANT INVESTMENT: Tenant has invested over $1MM in tenant improvements beyond landlord’s allowance thus demonstrating their commitment.
- CREDIT-ENHANCED LEASE: Investors will benefit from a credit-enhanced lease which includes a corporate and personal guarantee.
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
9,500 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,500 SF
Slab To Slab
12’
Building FAR
0.11
Lot Size
1.98 AC
Zoning
CPC
Parking
50 Spaces (5.26 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 595-232-37-05 | Improvements Assessment | $2,342,980 |
| Land Assessment | $3,121,200 | Total Assessment | $5,464,180 |
Property Taxes
Parcel Number
595-232-37-05
Land Assessment
$3,121,200
Improvements Assessment
$2,342,980
Total Assessment
$5,464,180
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