Davita Dialysis
Single-Tenant Offerings
Davita Dialysis
2765 16th St.
San Francisco, CA
- Price:
- $9,995,000
- Cap Rate:
- 7.16%
- NOI:
- $715,532
- Rentable SQFT:
- 12,046 SF
- Year Built:
- 1929/2022
- Lease Type:
- NN
- Type of Ownership:
- Condominium Interest
- Status:
- Available
Investment Highlights
- 12+ Year Corporate Backed Lease Featuring a 10% Rental Increase in 2028 and 2033 and FMV at Each Option w/ Annual 2% Increases
- High Quality Condominium Investment. Complete Renovation in 2022 w/ All New Systems, New Roof, and Full Seismic and Structural Retrofit
- Situated on a High Traffic, East-West Corridor (16th Street: 24k+ VPD) which travels directly into the growing Neighborhood of Mission Bay
- DaVita Features a S&P Credit Rating of “BB”, a Moody’s Rating of “Ba3” with Annual Revenues in Excess of $12.14B and Ranked #341 on Fortune 500
- Near UCSF Mission Bay - a 60.2-Acre Research Campus with a 289-Bed Hospital Complex
- Extremely Dense San Francisco Submarket with Over 792k People Residing within a 5-Mile Radius
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