South Valley Medical (Photo Courtesy CBRE)
The Offering
CBRE’s U.S. Healthcare Capital Markets Group is pleased to exclusively offer the South Valley Medical Centre (the “Property”) for purchase. The six-building outpatient campus totals 76,860 rentable square feet and is anchored by Kaiser Permanente which makes up approximately 40% of the leased space. Kaiser Foundation Health Plan (KFHP) currently maintains an investment grade ‘A+’ rating from Fitch Ratings, stating that “the ratings reflect benefits from KFHP’s unique business model and strong competitive position in California.” The campus also features occupancy by Total Renal Care which is owned by parent company DaVita Inc. (NYSE: DVA), a Fortune 500 company operating 1,991 outpatient dialysis centers in the United States serving approximately 156,000 patients.
The six-building outpatient campus is located in a rapidly growing and affluent Sacramento commercial area well known for its many amenities. With over 150,000 cars passing by the campus per day on Highway 99, tenants at the South Valley Medical Centre benefit from significant signage visibility. In addition, tenants and patients enjoy abundant parking and direct access to their suites provided by the single-story layout. The campus is also located directly across the highway from Methodist Hospital of Sacramento, a 162-bed Dignity Health facility, and is less than a mile from the Kaiser Permanente South Sacramento Medical Center, a 78-bed facility that recently completed a brand new five-story tower with 48 private patient rooms and 30 intensive care rooms.
Investment Highlights
- 40% Occupied by Kaiser Permanente (Fitch Ratings ‘A+’)
- 18% Occupied by DaVita, Inc.
- Near Dignity Health and Kaiser Permanente Hospital Campuses
- New Preventative Medicine Campus Delivery Model
- Significant Investment by Tenancy
- Rapidly Growing and Affluent Submarket
- Minimal Management Responsibilities
- Nearby Amenities
Offering Information
- Offering Price: Best Offer
- Campus SF: 76,860 RSF
- Buildings: 6
- Occupancy: 90.26%*
- In Place NOI: $1,354,602
*Seller will Master Lease to 100%
CBRE Investment Contacts
Chris Bodnar
Healthcare Capital Markets
CA License #01892501
+1 303 628 1711
Lee Asher
Healthcare Capital Markets
+1 404 504 5965
Ali Nadimi
Sacramento Brokerage Services
CA License #01723313
+1 916 446 8757
More Information
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