Property summary
This exceptional investment opportunity presents a fee-simple interest in a brand-new, single-tenant medical office building located in Auburn, Washington. The 11,511-square-foot building, constructed in 2023, sits on a 1.25-acre lot and is 100% occupied by DaVita, Inc. under a 15-year net lease with three, five-year renewal options. The lease commenced July 28, 2023, and includes a 10% rent increase every five years, providing significant long-term growth potential. The property boasts a… 5.50% cap rate and a strong NOI of $452,152, with a current asking price of $8,220,947 ($714.18/sq ft). The tenant, DaVita, is a nationally recognized leader in the kidney care industry, providing a corporate guarantee for lease performance. This is a relocation of an existing, successful operation, ensuring consistent occupancy. The building is strategically located in a high-income area within the Seattle MSA, near major transportation arteries (Valley Freeway and WA-18) and a dense retail corridor. The property benefits from a favorable lease structure with minimal landlord expenses and no early termination clauses. Washington state's income tax-free status further enhances the investment's attractiveness. The tenant's build-to-suit design reflects the highest standards in patient care and energy efficiency. This is a rare opportunity to acquire a high-quality, passively managed asset with exceptional long-term growth prospects in a thriving market.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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