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6050 Ramsey St Banning, CA 92220

Sponsored
For Sale
$4,751,826

DaVita-leased medical building, strong ROI.

Property size:
9,002 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a 9,002-square-foot, single-tenant medical office building in Banning, California. The property, built in 2003 on a 0.64-acre lot, is 100% occupied by DaVita, Inc., a leading kidney care provider with over 2,675 clinics nationwide. The current 12-year net lease (NN) boasts a 5.85% cap rate and a substantial annual net operating income (NOI) of $277,981. Rent escalates 10% every five years, ensuring consistent income growth. The lease includes three 5-year renewal options, extending the potential lease term to 27 years. The property features 27 parking spaces and is strategically located near Interstate 10 and San Gorgonio Memorial Hospital. DaVita's strong financial performance (2023 revenue: $12.14 billion, net income: $691 million) and corporate guarantee provide exceptional investment security. This is a passive, long-term investment in a growing healthcare sector, offering significant returns with minimal landlord responsibilities. The property's location in Riverside County, a high-income area with an average household income of $106,255 within a 5-mile radius, further enhances its value and potential for appreciation. There is no early termination clause for the tenant. This is a rare opportunity to acquire a high-quality, single-tenant medical office building with a long-term lease and significant upside potential.

Property Features for 6050 Ramsey St

General Information

Property type
Medical offices
Square Feet
9,002 SF
Lot Size
27,878 SF

Building Details

Year Built
2003
Buildings
1
Stories
1
Units
1

HighLights

  • $4,751,826 asking price for a 9,002 SF medical office building in Banning, CA.
  • Net lease with DaVita, Inc. as the tenant, offering a 5.85% cap rate and $277,981 annual NOI.
  • 12‑year lease term remaining, with three 5‑year renewal options and 10% rent bumps every 5 years.
  • Corporate guarantee from DaVita, a leading kidney care provider with strong financials and a BB S&P credit rating.
  • Located in a high‑income area of Riverside County, CA, with easy access to Interstate 10 and proximity to San Gorgonio Memorial Hospital.
Property Profile Location Intelligence

Current Use by Public Records

Medical offices

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Banning
County
Riverside
State
California
Longitude
-116.9434684
Latitude
33.9287252

FAQs

What type of property is this?
Medical office - DaVita-leased medical building, strong ROI.
Where is this medical office located?
The property is located at 6050 Ramsey St Banning, CA.
What is the asking price?
The asking price for this property is $4,751,826.
What are key features of this property?
This property features: $4,751,826 asking price for a 9,002 SF medical office building in Banning, CA.; Net lease with DaVita, Inc. as the tenant, offering a 5.85% cap rate and $277,981 annual NOI.; 12-year lease term remaining, with three 5-year renewal options and 10% rent bumps every 5 years.
More about this property
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