SACRAMENTO—Built in 2009 as a Walgreens, the 14,820-square-foot DaVita Kidney Care facility at the College Square Shopping Center was subleased to DaVita in 2019 after the merger/acquisition with Rite Aid. DaVita recently completed a total remodel of the property at 8275 Bruceville Rd. and subsequently relocated its Sacramento facility to this site, more than doubling its previous location's operations.
Nazareth Enterprises Inc., a San Mateo-based investment firm, recently acquired the facility for $11 million.
"We were particularly interested in this property, both due to its solid revenue stream and its high-trafficked, high visibility corner location," said Nazareth president and CEO Mounir Kardosh. "Particularly during these uncertain times, we were pleased to find a quality location with strong fundamentals tenanted by DaVita, an industry-leading healthcare company."
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
