Matthews™ Completes $7.73M Sale of DaVita Dialysis Facility

Los Angeles, CA – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, closed the sale of a DaVita Kidney Care Dialysis facility, located at 2703 S Towne Ave, Pomona, CA. DaVita Kidney Care is a leading provider of dialysis and kidney health services. Competing against several other brokerages, Matthews™ won the business and closed at $7,730,000. Associate Daniel Solomon and Vice President and Senior Directors Rahul Chhajed and Michael Moreno handled the transaction.

 

Matthews™ represented the seller who hired the agents after hearing of their in-depth healthcare real estate experience, specifically in the dialysis center field. Agents used the company’s proprietary platforms to source multiple offers and gain the investment national attention.

 

“We created a competitive bidding environment through our internal database, which drew a ton of activity and interest for the deal,” Solomon said.

 

“Most importantly, we helped our client capitalize on the market and sold the property for a lower cap rate than he originally purchased the building for about seven years ago, with no renovations or improvements done to the building within that time frame,” Moreno said.

 

Matthews™ will continue to work with the seller to further enhance their investment position through a 1031 Exchange.

 

“We will be improving our client’s investment position by trading him into an asset with a much longer guaranteed lease term, nearly doubling what was left on the down leg,” Chhajed said.

 

For more information on this transaction or to contact Daniel Solomon, Rahul Chhajed, and Michael Moreno, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 13 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.