Property Description
Brand New, State-of-the-Art Dialysis Clinic located in Pasadena, California
Rare infill offering with 15-year Lease Term
Long Term Lease with Corporate Guaranty
15-year NNN lease with 10% rent increases every five years and three five-year renewal options, backed by a corporate guaranty from Fresenius Medical Care Holdings, Inc.
2026 Renovation-to-Suit Medical Facility
The ±15,390 SF facility is currently under construction and delivered as a full renovation-to-suit for Fresenius, resulting in a newly delivered medical asset within a built-out urban market where new development is limited. The infill location supports long-term asset durability while limiting near-term capital requirements.
High Exposure Frontage (32,623 VPD)
The property is located along N. Lake Avenue, a neighborhood-serving retail corridor embedded within dense residential Pasadena, anchored by daily-needs retail that supports consistent local traffic and repeat visitation.
Rare Pasadena Infill with Long Term Optionality
Located within one of Pasadena’s most supply-constrained and established neighborhoods, where land scarcity and entitlement barriers severely limit new development. Upon lease rollover, ownership retains flexibility to re-lease to another credit medical tenant or pursue alternative redevelopment strategies, subject to zoning.
Proximity to Leading Regional Medical Center
Located approximately 3.5 miles from Huntington Health’s 534-bed medical center, the leading hospital in Pasadena and the San Gabriel Valley, consistently ranked among the top hospitals in Los Angeles County.
Affluent Demographics within Los Angeles Basin
Positioned within the nation’s second largest metro, the property is supported by dense residential neighborhoods with approximately 32,000 residents within one-mile and average household income exceeding $132,500.