Stone Oak Medical Office Building for Sale
731 Carnoustie is an 18,798 SF Medical office building leased to two Fortune 500 Medical Tenants called DaVita www.davita.com. (Regional Office and Dialysis Unit). DaVita's newest San Antonio Dialysis Unit should complete development (rent commencement on c of o) on or around June 1, 2011. This property is conveniently located for dialysis patients in close proximity to San Antonio's Hottest New Hospital in Stone Oak and sandwiched in between several other Stone Oak Hospitals (see 1st Link at bottom of page).
This site is DaVita's 17th dialysis unit in San Antonio, Texas. (See 2nd Link at bottom of page). This new unit has been opened to fight the growing kidney failure epidemic that Texas owns (largely driven from Texan's eating habits). I would anticipate that this won't be the last new unit in San Antonio for DaVita due to San Antonio's forecasted explosive growth!!!! http://kwcommercialsa.com/blog/?p=459
If you like investing in Commercial Real Estate in San Antonio, Texas why wouldn't you choose to place your hard earned money into an investment leased (long term) by a multiple medical tenants providing a service that extends lives? The patrons of these facilities might skip a burger or buying a new gas can at the auto supply NNN assets that you are considering down the street from this one, but would they skip their dialysis treatment? The lease contains three (3) five (5) year renewal options with a very high likelihood of extension due to the significant investment in this facility by Tenants and its excellent location. Base year NOI is $412,107. List Price of $5,494,760 is based on a 7.5% capitalization rate (cap rate) on the base year "ACTUAL"NOI for the pre-leased spaces and projected 1st year rent on the lone vacancy (1498 SF).
DaVita Inc., a FORTUNE 500(R) company, is a leading provider of kidney care in the United States, providing dialysis services and education for patients with chronic kidney failure and end stage renal disease. Recognized as the only FORTUNE 500(R) company on WorldBlu's annual List of Most Democratic Workplaces(TM), DaVita manages more than 1,475 outpatient facilities and acute units in more than 700 hospitals located in 43 states and the District of Columbia, serving approximately 114,000 patients - nearly one-in-three of all dialysis patients in the United States.
As part of DaVita‘s commitment to building a healthy, caring community, DaVita develops, participates in and donates to numerous programs dedicated to transforming communities and creating positive, sustainable change for children, families and our environment.
Link LeGrand CCIM
Licensed in Texas
Keller Williams Legacy
1102 E. Sonterra Blvd. #106
San Antonio, TX 78258
Tags: commercial investment in texas, Commercial Real Estate, kw commercial, kw commercial sa, link legrand, Luke LeGrand, medical nnn property, medical triple net investments, San Antonio Commercial Real Estate, stone oak medical investment, texas investment, texas medical investment