The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 11, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SOUTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
SoCal Investor Pays Over $400/sf for Single-Tenant Dialysis Clinic in Orange County

11/06/19

A 21k sf, single-tenant dialysis clinic in the City of Orange has sold for $8.8 mil, or $419/sf. The property, located at 1809 West Chapman Ave, is fully occupied on an absolute, triple-net lease basis by Fresenius Medical Care.

Originally built in 1988 with a complete renovation in 2016 to meet Fresenius’ specifications, the asset is situated on 1.63 acres. 1809 West Chapman is well-located less than half a mile east of State Route 57 and benefits from 350 feet of frontage along Chapman Ave. It is also less than a mile from world-renowned U.C. Irvine Medical Center, St Joseph Hospital and CHOC Children’s Hospital as well as leading educational campuses Azusa Pacific and Chapman Universities.

With over 3,900 locations, Fresenius is the leading dialysis clinic in the United States, and this is one of its flagship Southern California locations. NKF’s Senior Managing Directors Glenn Rudy and Rob Ippolito represented the seller, Orange County-based Adray Plaza, LLC. The buyer, a Southern California-based family trust, who was in a 1031 exchange, was repped by Matthew Graham of Graham & Associates.

“This asset is adjacent to the Platinum Triangle of Anaheim, which is the most active area per capita for residential/mixed use development in all of Orange County, and subsequently has been attractive to capital investment,” said Rudy. “Given the long-term, net lease structure; strong credit tenancy; and favorable, infill location, this asset presents the new ownership with a safe, secure cash-flowing investment that is hard to replicate in today’s Orange County market.”






Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media