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Virtual Drive-By

DaVita NN

1441 Court A · Tacoma, WA 98402 · Dialysis

Asking price
$5,500,000
Cap rate
9.72%
NOI
$534,612

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNN
Term remaining6.4 yrs
Expiration11/2032
Rent bumps2% Annually
OptionsFour, 5 Year Options
Ground lease
Credit profile
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF18,732
Price / SF$294
Year built
Lot size0.21 ac
TypeData Cener, Health Care
Days on market97

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

DaVita Data Center Net Leased Offering

Annual 2% Rent Increases

Corporately Backed Lease by DaVita, Inc (NYSE:DVA)

Proximity to Tacoma’s Active Commercial and Industrial Submarkets

200,000+ Combined VPD (Near Port and I-5)

Strong Industrial Growth Driven by Proximity to Seattle’s Booming Market

Located Near Port of Tacoma

Property overview

The property is fully leased to DaVita, Inc.​, a Fortune 200 company with a market capitalization exceeding $10 billion, under a corporately guaranteed lease with more than 6 years remaining.​

The lease features 2% annual rent increases and offers a cap rate 8.91%, providing stable, predictable income backed by one of the strongest credit tenants in the medical sector, which operates over 2,900 dialysis centers globally.​

Located at 1441 Court A in downtown Tacoma, this three-story medical data center occupies a hard-to-replace site adjacent to the Port of Tacoma and just one mile from Interstate 5, which sees more than 200,000 vehicles per day.​ The location offers excellent access and visibility, with close proximity to major transportation corridors and port infrastructure that drive regional commerce.​ Tacoma’s industrial market remains among the most active in the country, supported by port operations that handle 10–13 million tons of cargo annually and generate over $25 billion in economic activity.​

Take the next step on this property

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.