Technical
Financial
Distress signals
Property profile

6050 Ramsey St Banning, CA 92220

OFF-MARKET
Commercial land
Property ID
US09-0601587
0.64 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.64 ac (27,878 SF)
Zoning code CPS
APN 419-112-002
UPID US09-0601587

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6050 Ramsey St Banning, CA 92220-3052
Banning metro Census 44103 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.96M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.96M

Owner & transaction history

since 2024
Last sale
$3.0M
7 recorded transactions
2024
Price N/A
2022
$3.0M
2022
Price N/A
2018
$375,000
2018
Price N/A
2014
Price N/A
2014
$90,000

Zoning & alternative use

CPS · Banning, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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