For Sale
$4,751,826

6050 Ramsey StBanning, CA 92220

DaVita-leased medical building, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 9,002-square-foot, single-tenant medical office building in Banning, California. The property, built in 2003 on a 0.64-acre lot, is 100% occupied by DaVita, Inc., a leading kidney care provider with over 2,675 clinics nationwide. The current 12-year net lease (NN) boasts a 5.85% cap rate and a substantial annual net operating income (NOI) of $277,981. Rent escalates 10% every five years, ensuring consistent income growth. The lease includes three 5-year renewal options, extending the potential lease term to 27 years. The property features 27 parking spaces and is strategically located near Interstate 10 and San Gorgonio Memorial Hospital. DaVita's strong financial performance (2023 revenue: $12.14 billion, net income: $691 million) and corporate guarantee provide exceptional investment security. This is a passive, long-term investment in a growing healthcare sector, offering significant returns with minimal landlord responsibilities. The property's location in Riverside County, a high-income area with an average household income of $106,255 within a 5-mile radius, further enhances its value and potential for appreciation. There is no early termination clause for the tenant. This is a rare opportunity to acquire a high-quality, single-tenant medical office building with a long-term lease and significant upside potential.

Highlights

  • $4,751,826 asking price for a 9,002 SF medical office building in Banning, CA.
  • Net lease with DaVita, Inc. as the tenant, offering a 5.85% cap rate and $277,981 annual NOI.
  • 12-year lease term remaining, with three 5-year renewal options and 10% rent bumps every 5 years.
  • Corporate guarantee from DaVita, a leading kidney care provider with strong financials and a BB S&P credit rating.
  • Located in a high-income area of Riverside County, CA, with easy access to Interstate 10 and proximity to San Gorgonio Memorial Hospital.

Property Details for 6050 Ramsey St

Property type
Office properties, Medical offices
Square Feet
9,002 SF
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
27,878 SF
Units
1

Location Insight

City
Banning
County
Riverside
State
California
Latitude
33.9287252
Longitude
-116.9434684
6050 Ramsey St, Banning, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6050 Ramsey St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message