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10/20/20
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Nazareth Enterprises Inc has purchased a 14.8k sf DaVita Kidney Care facility at the College Square Shopping Center in Sacramento. The property, located at 8275 Bruceville Rd, sold for $11 mil ($743/sf).
Built in 2009 as a Walgreens, the property was subleased to DaVita in 2019, after the merger/acquisition with Rite Aid. DaVita has recently completed a total remodel of the property and relocated its Sacramento facility to the Bruceville Road site, more than doubling its prior location’s operations.
Nazareth Enterprises, a privately-held, diversified investment firm based in San Mateo, was represented by Abe Matar of Landmark Realty. Tony Odom and Jonathan Hanhan of Compass Commercial repped the sellers. Financing was arranged by Mitch Zeemont and Tony Kaufman at Gantry Inc.
“We were particularly interested in this property – both due to its solid revenue stream, and its high-trafficked, high visibility corner location,” said Kardosh. “Particularly during these uncertain times, we were pleased to find a quality location, with strong fundamentals, tenanted by DaVita, an industry-leading healthcare company.”
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