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 12 years remaining following a recent 15-year extension.
The lease features 2% annual rent increases and offers a blended cap rate of
5.85%, 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.