DaVita

Highlights:

• Average Floor Size: 10000.0
• Average Occupancy Rate: 100.0
• Sprinkler: true
• Max Contiguous Area: 11747.0
• Age: 1-5 Years Old
• Lot Size: 1/2 - 1 Acre
• Sewer: City
• Water: Municipal Water

Description:

Coldwell Banker Commercial is pleased to present 4223 Anaheim Street, Long Beach, California, a
single-tenant, build-to-suit dialysis facility leased to DaVita, Inc. This state-of-the-art medical
asset was completed in 2020 and is strategically positioned within a dense healthcare corridor,
directly serving a strong and growing patient base.


The two-story facility is thoughtfully designed to accommodate both operational efficiency and
patient care. The first floor is dedicated to administrative and employee functions, while the
second floor houses the clinical operations, including 24 patient stations and three private
treatment rooms. The layout reflects modern dialysis facility standards, providing a high-quality
treatment environment.


This investment is secured by a long-term lease with approximately 9 years remaining on the
original 15-year term, along with two (2) five-year renewal options. The lease features rare 2.5%
annual rent escalations, offering consistent and predictable income growth over the hold period.
The lease is backed by a corporate guaranty from DaVita, Inc., a national leader in dialysis
services with annual revenues exceeding $11.5 billion and credit ratings of BB (S&P) and Ba3
(Moody’s). DaVita operates over 2,700 locations nationwide and provides care to more than 200,000
patients annually, reinforcing the stability and reliability of the tenant.
Healthcare real estate, particularly dialysis clinics, has historically demonstrated strong
recession resistance due to the non-discretionary nature of medical ser-vices.


The property benefits from a highly visible infill location at the signalized intersection of East
Anaheim Street and Bennett Avenue, with traffic counts of approximately 30,000 vehicles per day.
It is centrally located near major healthcare providers, including the VA Long Beach Healthcare
System, Dignity Health St. Mary Medical Center, and Long Beach Memorial Medical Center, creating
strong referral synergies.


Additionally, the site offers excellent regional accessibility, located less than 3 miles from Long
Beach Airport and approximately 22 miles from Los Angeles Inter-national Airport. Positioned within
the Los Angeles MSA—one of the largest and most dynamic economic regions in the country—the asset
benefits from a diverse and resilient economic base, with healthcare playing a significant and
growing role.


The surrounding demographics further support long-term performance, with over 460,000 residents
within a 5-mile radius and average household incomes exceeding $106,000 within a 1-mile radius.
The combination of strong population density, favorable income levels, and a healthcare-driven
location makes this an
exceptional net-leased investment opportunity.

---

Report Listing This listing was syndicated through:

Listing ID: 203c90de-db31-4ba9-a240-906160c054c4

Documents: