The Kase Group is pleased to present a rare opportunity to acquire the DaVita Data
Center, a mission-critical, three-story facility located in downtown Tacoma,
Washington. The property is leased to DaVita, Inc. under an industrial NNN lease
with over 12 years remaining, expiring November 2032. The lease includes 2%
annual rent escalations and four, 5-year renewal options, offering long-term stability
and built-in income growth. DaVita, a Fortune 200 company with a $10B+ market
cap, operates over 2,900 dialysis centers worldwide and is one of the most reliable
healthcare credit tenants in the market.
Built in 1923 and fully renovated in 2012, the 18,732 SF facility sits on a 0.21-acre
site and includes high-capacity electrical (1200-amp), Eaton UPS, multiple
generators, biometric security, FM 200 fire suppression, climate control, and
redundant carrier connectivity. It serves as a critical data infrastructure asset for
DaVita’s operations nationwide.
The property is strategically located just one mile from Interstate 5 and near the
Port of Tacoma, providing strong logistics access and visibility. It benefits from
200,000+ VPD on I-5, 20,000+ VPD in the immediate area, 13,000+ VPD on Pacific
Avenue, and 36,000+ VPD on Highway 509.
Downtown Tacoma continues to grow as a vibrant economic hub, supported by
major employers such as True Blue Inc., Simpson, Roman Meal, Brown & Haley, and
DaVita. The area is also in close proximity to leading companies like Microsoft,
Amazon, Boeing, and Starbucks in nearby Seattle. The Port of Tacoma is one of the
largest deep-water container ports in North America, and the city is home to top
educational institutions including University of Washington Tacoma, University of
Puget Sound, and Pacific Lutheran University. The surrounding demographics
further support strong tenant demand, with 277,876 residents and an average
household income of $87,509 within five miles, along with a significant daytime
employee population of 136,963 in the same radius