Property summary
This exceptional investment opportunity presents a single-tenant, 100% occupied medical office building in Long Beach, California. The property, a 2002-built, one-story structure situated on a 0.67-acre lot at 3111 Long Beach Blvd, 90807, houses a DaVita Dialysis Center, one of the largest in Long Beach. The building features 28 dialysis stations operating six days a week, from 3:30 AM to 10:30 PM, demonstrating strong operational performance and high demand. The property benefits from an absolute NNN lease structure with below-market rent, providing a stable and predictable income stream. With a 5.00% cap rate and a Net Operating Income (NOI) of $303,408, this investment offers significant potential for long-term growth. The strategic location, just one mile from MemorialCare Long Beach Medical Center and with easy access to Interstate-405 (292,500 vehicles per day), further enhances its value. The asking price is $6,068,000. This DaVita center boasts a 20+ year operating history, solidifying its position as a key provider of renal care in a densely populated Southern California area. The property represents a rare opportunity to acquire a high-performing, long-term investment with a stable tenant and significant upside potential.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Physician
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Physician Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LBPD29 · Long Beach, CAZoning
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