Net Leased Fresenius Medical Dialysis Center | 3300 Vista Way
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Net Leased Fresenius Medical Dialysis Center 3300 Vista Way
13,036 SF 100% Leased Office Building Oceanside, CA 92056 $12,097,404 CAD ($928 CAD/SF) 6% Cap Rate
Investment Highlights
- Long-term lease commitment from Fresenius Medical Care, the global leader in dialysis services, which occupies ±81% of the property.
- This Fresenius location operates 19.5 hours per day, six days a week, indicating higher patient volume and the critical need for dialysis services.
- Net Lease Structures - Tenants reimburse operating expenses, including CAM, insurance, and real estate taxes, under net lease agreements.
- This medical center boasts a proven 30-year track record as a hub for dialysis and renal care for patients in Oceanside.
- Recent Lease extensions demonstrates tenants’ commitment to and performance at this location.
- Closest dialysis facility to the 388-bed Tri-City Medical Center, a full-service hospital serving the immediate area.
Executive Summary
CIRE Partners is pleased to exclusively offer for sale a rare two-tenant net lease investment opportunity located at 3300 Vista Way in Oceanside, California, part of the thriving San Diego MSA. This ±13,036 SF property, situated on ±1.69 acres of prime commercial land, boasts a 100% occupancy rate with long-term commitments from Fresenius Medical Care, the global leader in dialysis services, and Balboa Nephrology Medical Group. With a 6.00% cap rate and annual NOI of $505,098, this investment offers durable cash flow with upside potential, supported by below-market rental rates and a proven healthcare tenancy. Strategically positioned along Vista Way and prominently facing State Route 78 with combined traffic counts exceeding 160,000 VPD, the property enjoys excellent visibility in a bustling retail corridor featuring over two million square feet of retail space. This healthcare-focused facility is also the closest dialysis center to Tri-City Medical Center, providing vital services to the community and ensuring consistent demand.
Anchored by Fresenius Medical Care, which occupies ±81% of the property and operates extended hours six days a week, this asset is a recession-resilient investment backed by industry-leading tenants. Balboa Nephrology, occupying ±19% of the property, adds complementary healthcare services, further solidifying the property’s tenant mix. The double net (NN) lease structure ensures tenants reimburse operating expenses, including CAM, insurance, and real estate taxes, minimizing landlord responsibilities. Built in 1994 and zoned for commercial highway-oriented use, this well-maintained property offers 64 parking spaces at a ratio of 4.91 spaces per 1,000 SF. Surrounded by a dynamic mix of residential, retail, and educational institutions, including MiraCosta College, the property is positioned to benefit from robust regional demographics and Oceanside’s growing economy. This offering represents a compelling opportunity for investors seeking stable income from established healthcare tenants in a high-demand location.
Anchored by Fresenius Medical Care, which occupies ±81% of the property and operates extended hours six days a week, this asset is a recession-resilient investment backed by industry-leading tenants. Balboa Nephrology, occupying ±19% of the property, adds complementary healthcare services, further solidifying the property’s tenant mix. The double net (NN) lease structure ensures tenants reimburse operating expenses, including CAM, insurance, and real estate taxes, minimizing landlord responsibilities. Built in 1994 and zoned for commercial highway-oriented use, this well-maintained property offers 64 parking spaces at a ratio of 4.91 spaces per 1,000 SF. Surrounded by a dynamic mix of residential, retail, and educational institutions, including MiraCosta College, the property is positioned to benefit from robust regional demographics and Oceanside’s growing economy. This offering represents a compelling opportunity for investors seeking stable income from established healthcare tenants in a high-demand location.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
13,036 SF
Building Class
B
Year Built
1994
Price
$12,097,404 CAD
Price Per SF
$928 CAD
Cap Rate
6%
NOI
$726,129 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,036 SF
Building FAR
0.18
Lot Size
1.69 AC
Zoning
CS-HO - Commercial Highway Oriented Zoning District
Parking
64 Spaces (4.91 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
Parcel Number | 165-362-23 | Improvements Assessment | $5,888,261 CAD |
Land Assessment | $4,782,344 CAD | Total Assessment | $10,670,606 CAD |
PROPERTY TAXES
Parcel Number
165-362-23
Land Assessment
$4,782,344 CAD
Improvements Assessment
$5,888,261 CAD
Total Assessment
$10,670,606 CAD
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Net Leased Fresenius Medical Dialysis Center | 3300 Vista Way
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