Building Details

Year Built 2020

Buildings 1

Tenancy Single

Listing Agency: ASU Commercial

Listed By: Martin Starr · License #CA 01179469 Show Phone

Source: Crexi

Added: Jul 28 Changed: Oct 12 Last Checked: Oct 16 at 7:26AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ASU Commercial

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Investment Insights

Based on property information with market context.

This 12,500-square-foot medical center is configured for a single occupant and was completed in 2020. The property is zoned Executive Administrative and is subject to a net lease with Kinter Dialysis, LLC, a DaVita Inc. subsidiary.

The original lease began May 1, 2020, with a 15-year initial term. DaVita Inc. provides a full guaranty of the lease, adding a defined credit-support feature to the tenancy.

Key Highlights

• 12,500‑square‑foot medical center completed in 2020
• Single‑tenant net lease with Kinter Dialysis, LLC
• Kinter Dialysis, LLC is a subsidiary of DaVita Inc.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$400,349

Cap Rate

4.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,006,980 $8.0M

Cap Rate 7%

$5,719,271 $5.7M

Cap Rate 9%

$4,448,322 $4.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,500 SF

Gross rent

$687.0K $54.96/SF

− Vacancy

−$153.2K −$12.26/SF

EGI

$533.8K $42.70/SF

− OpEx

−$133.4K −$10.68/SF

NOI

$400.3K $32.03/SF

Area

San Mateo County, CA

Vacancy

22.30%

Lease Rate

$54.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,006,980

Cap Rate 7%

$5,719,271

Cap Rate 9%

$4,448,322

Alternative Uses

Best Use

Office B

$5.72M

$5.00M – $6.67M (±1% cap)

NOI $400,349 @ 7.0% cap · market cap 4.39%

Second Best

Healthcare Medical

$5.70M

$4.99M – $6.65M (±1% cap)

NOI $398,970 @ 7.0% cap · market cap 4.37%

Theoretical Best

Warehouse

$9.93M

$8.69M – $11.58M (±1% cap)

NOI $695,023 @ 7.0% cap · market cap 7.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medical centers

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Building Supply Gym & Fitness Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,278

Businesses Nearby

Explore this area Business Placement

Demographics for 94014, CA

48,677

Population

15,643

Households

3.1

Avg Household Size

39

Median Age

33%

College-Educated

84%

High-School Grad

6.4 sq mi

ZIP Area

7,606

Density / Sq Mi

$115,513

Median Household Income

$49,144

Median Earnings

$2,089

Median Rent

$979,500

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Medical center - Net-leased healthcare facility with executive administrative zoning and a 2020 construction date.

Where is this medical center located?

The property is located at 1055 El Camino Real Colma, CA.

What is the asking price?

The asking price for this property is $9,120,200.

What are key features of this property?

This property features: 12,500‑square‑foot medical center completed in 2020; Single‑tenant net lease with Kinter Dialysis, LLC; Kinter Dialysis, LLC is a subsidiary of DaVita Inc.