Live Oak Commercial Real Estate

Executive Summary – 6700 Randolph San Antonio, Texas

6700 Randolph Blvd is a 9,000 SF Medical office building leased to a Fortune 500 Medical Tenant called DaVita (7500 SF) LINK TO DAVITA and a regional medical group called San Antonio Kidney Disease Centers (1500 SF)    LINK TO SAKDC The 10 year lease/rent commenced on October 1, 2010.  This property is conveniently located for dialysis next to the recently expanded NE Methodist Hospital.  LINK TO NE METHODIST HOSPITAL

Property sits next door to a prominent San Antonio Ear, Nose, and Throat group.  LINK TO ENT CLINICS OF SAN ANTONIO

This site is DaVita’s 16th dialysis unit in San Antonio, Texas.  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!!!! LINK TO SAN ANTONIO TEXAS INFORMATION

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 leases contain 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 $207,000.00.  List Price of $2,760,000 is based on a 7.5% capitalization rate (cap rate) on the base year “ACTUAL”NOI.

DaVita Inc., a FORTUNE 500® company, is a leading provider of kidney care in the United States, delivering dialysis services and education to patients with chronic kidney failure and end stage renal disease. As of March 31, 2011, DaVita operated or provided administrative services at 1,642 dialysis facilities, serving approximately 128,000 patients. DaVita develops, participates in and donates to numerous programs dedicated to transforming communities and creating positive, sustainable change for children, families and our environment. The company’s leadership development initiatives and corporate social responsibility efforts have been recognized by Fortune, Modern Healthcare, Newsweek, and WorldBlu, among others.

Contact a Commercial Real Estate Expert today:

Link LeGrand, CCIM 210-789-5465

Live Oak Commercial Real Estate