Marcus & Millichap Facilitates $3.71M Sale Of DaVita Dialysis Center In South Holland

The property involved in the transaction is a 9,703-square-foot, net-leased DaVita Dialysis Center located at 16110 La Salle St, South Holland, Illinois. The property was sold for $3,710,000.00 to an out-of-state buyer in a 1031-exchange deal. The medical office is a state-of-the-art facility completed in the fall of 2016, under a 15-year, double-net lease with 10 percent rental increases every five years. The lease is fully guaranteed by DaVita Incorporated.

Summary of transation details:

• Property Type: Medical Office
• Transaction Amount: $3,710,000.00
• Address: 16110 La Salle St, South Holland, Illinois
• Market: South Holland
• Seller's Rep: Sean Sharko (Marcus & Millichap), Valerie Cook (Keller Williams)
• Buyer: Unknown
• SF: 9703

Sean Sharko and Valerie Cook of Marcus & Millichap, alongside Austin Weisenbeck, facilitated the sale of the DaVita Dialysis Center. This transaction marks Marcus & Millichap's 12th sale of a DaVita Dialysis center in the last 24 months. The property's desirability for investors is attributed to stable tenants with corporate-backed leases and limited landlord responsibilities. Cook mentioned that the center's appeal also stems from its new construction and long-term commitment to the location.