Net-Leased Dialysis Clinic
For Sale
Contact for pricing
Pending
311 Hoyt Avenue, Saginaw, MI 48607
Fee-simple sale of five dialysis clinics with 100% occupancy and weighted average lease term of 6.7 years.
Property Size53,547 SF
Days on Market127
Property Features for 311 Hoyt Avenue
General Information
Standard status
Pending
Size
53,547 SF
Property subtype
Office
Occupancy
100%
Listing Agency:
Capital Real Estate Group
Listed By:
Andrew Larwood · License #GA 347398
Source:
Crexi
Added: Apr 11
Changed: Aug 10
Last Checked: Aug 13 at 5:13PM
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 Capital Real Estate Group
Investment Insights
Based on property information with market context.
Capital Real Estate Group’s U.S. Healthcare Investment Sales Team is offering for sale the fee-simple interest in a portfolio of five dialysis clinics totaling approximately 53,547 rentable square feet. The portfolio is 100% occupied and has a remaining weighted average lease term of 6.7 years.
Approximately 89% of the portfolio is leased to DaVita Inc. and its affiliates, with the remaining 11% leased to St. Clair Specialty Physicians P.C., an operating partner. The offering includes a year-1 net operating income of $1,193,386 and is concentrated in DaVita service areas across Michigan, with clinics located in Detroit, Harper Woods, Chesterfield Township, East China Township, and Saginaw.
Ownership is seeking a fee-simple acquisition of a net-leased portfolio anchored by DaVita, utilized in connection with the twenty-five providers of St. Clair Specialty Physicians P.C. The portfolio references dialysis rounds at the DaVita - Detroit and Harper Woods clinics by SCSP physicians.
Approximately 89% of the portfolio is leased to DaVita Inc. and its affiliates, with the remaining 11% leased to St. Clair Specialty Physicians P.C., an operating partner. The offering includes a year-1 net operating income of $1,193,386 and is concentrated in DaVita service areas across Michigan, with clinics located in Detroit, Harper Woods, Chesterfield Township, East China Township, and Saginaw.
Ownership is seeking a fee-simple acquisition of a net-leased portfolio anchored by DaVita, utilized in connection with the twenty-five providers of St. Clair Specialty Physicians P.C. The portfolio references dialysis rounds at the DaVita - Detroit and Harper Woods clinics by SCSP physicians.
Key Highlights
- Portfolio of five (5) dialysis clinics totaling approximately 53,547 rentable SF
- 100% occupied across the portfolio with a remaining weighted average lease term of 6.7 years
- Approximately 89% leased to DaVita Inc. and DaVita affiliates, with 11% leased to St. Clair Specialty Physicians P.C. (SCSP)
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 48607, MI
1,456
Population
884
Households
1.6
Avg Household Size
44
Median Age
22%
College-Educated
79%
High-School Grad
1.0 sq mi
ZIP Area
1,456
Density / Sq Mi
$39,211
Median Household Income
$32,543
Median Earnings
$1,017
Median Rent
$44,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Fee-simple sale of five dialysis clinics with 100% occupancy and weighted average lease term of 6.7 years.
Where is this medical center located?
The property is located at 311 Hoyt Avenue Saginaw, MI.
What are key features of this property?
This property features: Portfolio of five (5) dialysis clinics totaling approximately 53,547 rentable SF; 100% occupied across the portfolio with a remaining weighted average lease term of 6.7 years; Approximately 89% leased to DaVita Inc. and DaVita affiliates, with 11% leased to St. Clair Specialty Physicians P.C. (SCSP)
