6050 Ramsey StBanning, CA 92220

Property Details for 6050 Ramsey St

Lot size

0.64 AC

Zone code

CPS

Property type

Land

Property subtype

Commercial land

APN

419-112-002

APU

419112002

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $8,770,045

  Hospitality

  $8,033,314

  Educational

  $6,683,623

  Medical

  $6,913,483

  Retail

  $10,396,747

Location Insight

City

Banning

County

Riverside

State

California

Latitude

33.9287

Longitude

-116.943

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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