10690 San Pablo Ave - Medical FOR SALE


El Cerrito, CA 94530
$5,178,016 USD
737-309-2717
10690 San Pablo Ave, El Cerrito, CA for Sale
$5,178,016 USD
Medical - FOR SALE
1/13
null | 6% Cap Rate

10690 San Pablo Ave
El Cerrito, CA 94530


HIGHLIGHTS

  • Core Location – The property is centrally located in El Cerrito, positioned off San Pablo Avenue in the Moeser Lane Shopping Center.
  • The location offers exceptional visibility and frontage, with roughly 138,000 residents within a three-mile radius.
  • Nearby national retailers include O'Reilly Auto Parts, Firestone, 24 Hour Fitness, Exxon, and more.
  • The tenant pays just $31/SF, significantly below both the El Cerrito market and DaVita's California average.
  • Operating at this location since 1995, the clinic has renewed multiple times, most recently exercising a five-year option in 2023.
  • The clinic operates approximately 20 chairs, 6 days a week from 5:00AM – 6:00PM, indicating strong patient demand and occupancy levels.

OVERVIEW

Matthews™ is pleased to present a rare opportunity for qualified investors to acquire a single-tenant dialysis center in El Cerrito, CA, leased to DaVita Dialysis, one of the nation's largest kidney care providers with more than two decades of clinical excellence. Strategically positioned off San Pablo Avenue in the Moeser Lane Shopping Center, the tenant has been at this location since 1995 and today operates approximately 20 chairs, 6 days a week, underscoring both long-term tenant success and strong patient demand. The location offers exceptional visibility and frontage, with roughly 138,000 residents within a 3-mile radius and a strong lineup of national retailers nearby, including O'Reilly Auto Parts, Firestone, 24 Hour Fitness, Exxon, and more. The lease features below-market rent with annual CPI increases and roughly 2.3 years of remaining term with no renewal options, giving an investor a rare chance to negotiate an extension directly with DaVita or reposition the site for a new long-term lease. With a DaVita corporate guaranty standing behind the NNN lease, investors benefit from the credit strength of a leading national healthcare provider during the remaining term, plus clear upside on extension or re-lease.

FOR SALE DETAILS

PRICE

$5,178,016 USD

PRICE/SF

$531 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,420 SF

ZONING

C2

APN/PARCEL ID

503-122-023-8

ASK ABOUT THIS PROPERTY

Alex LarramendiMatthews Real Estate Investment ServicesMore Info
737-309-2717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Alex LarramendiMatthews Real Estate Investment ServicesMore Info
737-309-2717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.