Single-Tenant Medical Office
For Sale
Contact for pricing
20930 Chico Street, Carson, CA 90746
Fully leased healthcare facility with long-term occupancy and NN lease structure.
Property Size11,462 SF
Lot Size0.74 Acres
Price / SF$588.90
Days on Market10
Property Features for 20930 Chico Street
General Information
Standard status
Active
Size
11,462 SF
Lot size
0.74 Acres
Property subtype
Office
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$421,114
Additional Details
Highway Access
Yes
Building Details
Year Built
2017
Buildings
1
Tenancy
Single
Building Size
11,462 SF
Owner Occupied
No
Listing Agency:
ASU Commercial
(661) 616-3567
Listed By:
Martin Starr · License #CA 01179469
Source:
Crexi
Added: Jul 29
Changed: Aug 5
Last Checked: Aug 6 at 12:59PM
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
Investment Insights
Based on property information with market context.
This 11,462-square-foot medical office building occupies 0.74 acres in Carson and was completed in 2017. The property is configured for a single occupant and is fully leased to DaVita Inc., a publicly traded dialysis-services company. The NN lease began in April 2018 and runs through April 2033, with approximately 6 years and 9 months remaining. Three 5-year renewal options include 10% increases, and the lease provides for 10% rent escalations every 5 years, with the next scheduled for April 2028. Renewal is automatic unless the tenant gives 120 days’ prior written notice to cancel. Under the lease, the tenant handles maintenance and expenses other than roof, parking, and HVAC replacement.
The building is located in Carson within Los Angeles County’s South Bay region. Access to Interstate 405, Interstate 110, and State Route 91 connects the property with Southern California, while the Ports of Los Angeles and Long Beach are nearby.
The building is located in Carson within Los Angeles County’s South Bay region. Access to Interstate 405, Interstate 110, and State Route 91 connects the property with Southern California, while the Ports of Los Angeles and Long Beach are nearby.
Key Highlights
- 11,462‑square‑foot medical office building on 0.74 acres
- Built in 2017 and fully leased to DaVita Inc.
- NN lease commenced April 2018 and expires April 2033
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$250,550
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,011,000
$5.0M
Cap Rate 7%
$3,579,286
$3.6M
Cap Rate 9%
$2,783,889
$2.8M
Market Conditions
NOI Build-Up for 11,462 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$440.1K $38.40/SF
− Vacancy
−$106.1K −$9.25/SF
EGI
$334.1K $29.15/SF
− OpEx
−$83.5K −$7.29/SF
NOI
$250.6K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,011,000
Cap Rate 7%
$3,579,286
Cap Rate 9%
$2,783,889
Alternative Uses
Best Use
Office B
$3.58M
$3.13M – $4.18M
NOI $250,550 @ 7.0% cap · market cap 3.71%
Second Best
Healthcare Medical
$3.11M
$2.72M – $3.62M
NOI $217,365 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$6.14M
$5.37M – $7.16M
NOI $429,570 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,652
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90746, CA
27,147
Population
8,802
Households
3.1
Avg Household Size
44
Median Age
35%
College-Educated
90%
High-School Grad
5.8 sq mi
ZIP Area
4,681
Density / Sq Mi
$113,545
Median Household Income
$54,098
Median Earnings
$2,713
Median Rent
$682,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased healthcare facility with long-term occupancy and NN lease structure.
Where is this medical office space located?
The property is located at 20930 Chico Street Carson, CA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 11,462‑square‑foot medical office building on 0.74 acres; Built in 2017 and fully leased to DaVita Inc.; NN lease commenced April 2018 and expires April 2033
