DaVita Data Center

Investment Overview

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 7 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.

Investment Highlights

• Long-Term Industrial NNN Lease
• Mission-Critical Data Center – Three-story reinforced concrete facility fully renovated in 2012
• Strong Corporate Guarantee – Leased to DaVita, Inc. (NYSE: DVA), a Fortune 200 healthcare company
• 18,732 SF on 0.21 Acres – Secure, high-spec infrastructure including UPS, generators, biometric security, and FM 200 fire suppression
• Strategic Location – One mile from Interstate 5 and minutes to the Port of Tacoma
• High Traffic Exposure – 200,000+ VPD on I-5; 20,000+ VPD downtown; 13,000+ VPD on Pacific Ave; 36,000+ VPD on Hwy 509
• Surrounded by Major Employers – Including True Blue Inc., Simpson, Roman Meal, Brown & Haley, and DaVita
• Proximity to Top Institutions – Near University of Washington Tacoma, University of Puget Sound, and Pacific Lutheran University
• Strong Demographics – 277,876 residents and average household income of $87,509 within 5 miles
• Robust Daytime Population – 136,963 employees within a 5-mile radius