200 Wake Ave El Centro, CA 92243-9632
- Office buildings
- 1.71 lot acres
Current Use by Public Records
- Sol Reisin, MD / Internist
- Fresenius Kidney Care Imperial County / Dialysis Center
Property Details for 200 Wake Ave
- Lot size
- 1.71 lot acres
- Property type
- Office buildings
- APN
- 054-050-060-000
- APU
- 54050060000
Description
This exceptional investment opportunity presents a 12,997-square-foot medical office building located at 200 Wake Ave, El Centro, CA 92243. The property boasts a strong 6.65% cap rate and a Net Operating Income (NOI) of $394,500. Built in 2009, the building is currently leased to Fresenius Medical Care, the world's largest provider of renal care, holding an S&P investment-grade credit rating of "BBB Stable." This lease, with a remaining term of 4.9 years, includes a corporate guarantee and features a built-in annual rent increase of 2.5%, offering inflation protection. Fresenius has occupied this strategically located property for over 16 years, recently extending their lease, demonstrating their long-term commitment. The building benefits from significant tenant improvements, minimizing future landlord responsibilities. Its prime location, just off Interstate 8 (34,036 VPD), ensures excellent patient access. The property's recession-resistant nature, coupled with the robust growth of the global dialysis services market (projected to reach $181.16 billion by 2032), makes this a compelling investment with significant long-term potential. The asking price is $5,932,330.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Centro
- County
- Imperial
- State
- California
- Longitude
- -115.545
- Latitude
- 32.7716
- CBSA code
- 20940
- CBSA name
- EL CENTRO, CA METROPOLITAN STATISTICAL AREA
