Avison Young announces $8.1 million portfolio sale of three single-tenant properties occupied by DaVita Dialysis in Dallas metro

Avison Young announces $8.1 million portfolio sale of three single-tenant properties occupied by DaVita Dialysis in Dallas metro 6 Apr 2020

Los Angeles, CAAvison Young announced today it has completed the $8.1 million portfolio sale of three single-tenant properties occupied by DaVita Dialysis located in the Dallas metropolitan area. The portfolio is comprised of three locations – DaVita North in Plano, DaVita East in Garland, and DaVita Central in Dallas.

Avison Young Principal Patrick Barnes who is based in the company’s downtown Los Angeles office, represented the seller, a private investor from California. The buyer was a private investor from Dallas represented by Christopher Goodman-Triolo of NLF Advisors.

“This portfolio offered an investor zero landlord responsibilities and a stable tenant with corporate guaranteed leases in place,” said Barnes. “Well-located, single-tenant medical assets leased by nationally recognized brands such as DaVita are highly coveted and because of that, this offering received considerable investor interest.”

Following is information on each property:

  • 481 Shiloh Road, Plano – This 8,436-square-foot (sf) property was built in 2008 and is situated on 1.29 acres. It is a half mile from Methodist Richardson Hospital and is adjacent to a senior living home.
  • 776 E. Centerville Road, Garland – This 7,400-sf building was built in 1992 and is situated on .8 acres. It is within a major commercial corridor and is within a 100 percent occupied shopping center.
  • 805-815 Beckley Avenue, Dallas – This 7,954-sf property was built in 2007 and is situated on 1.29 acres. It is within a densely populated area and is .8 miles from Methodist Dallas Medical Center.

DaVita Healthcare Partners, Inc. DaVita (S&P: BB) is ranked #181 of Fortune 500 company in 2017 that provides a variety of healthcare services to over 1.7 million patients nationwide throughout its operating divisions including dialysis.

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises thousands of real estate professionals in more than 100 offices around the world. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors.

Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.

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For more information:

• Darcie Giacchetto, Places Public Relations: 949.278.6224