DaVita Data Center

Located along the shores of Puget Sound, Tacoma is the third-largest city in Washington State and a vital economic hub within the Seattle-Tacoma-Bellevue MSA. Known for its blend of historic charm and modern growth, Tacoma offers a unique balance of business infrastructure, cultural vibrancy, and natural beauty. The city sits just 35 miles south of Seattle and is home to the Port of Tacoma, one of the largest deep-water container ports in North America. The port handles more than $25 billion in commerce annually and supports significant regional activity in logistics, manufacturing, and international trade. Downtown Tacoma has experienced major revitalization in recent years, with new residential, commercial, and educational developments creating a walkable, transit-connected urban environment. The area features institutions like the University of Washington Tacoma, University of Puget Sound, and The Evergreen State College, contributing to a well-educated, highly skilled workforce. Tacoma is also a cultural hub, known for its glass art, museums, and theater scene, as well as recreational access to Point Defiance Park, Mount Rainier, and the nearby Cascade and Olympic mountain ranges. With its strategic location, strong employment base, and growing downtown core, Tacoma offers long-term appeal for both residents and commercial tenants.The Kase Group is pleased to present a rare opportunity to acquire the DaVita Data Center, a mission-critical, three-story facility located in downtown Tacoma, Washington. The property is leased to DaVita, Inc. under an industrial NNN lease with over 12 years remaining, expiring November 2032. The lease includes 2% annual rent escalations and four, 5-year renewal options, offering long-term stability and built-in income growth. DaVita, a Fortune 200 company with a $10B+ market cap, operates over 2,900 dialysis centers worldwide and is one of the most reliable healthcare credit tenants in the market. Built in 1923 and fully renovated in 2012, the 18,732 SF facility sits on a 0.21-acre site and includes high-capacity electrical (1200-amp), Eaton UPS, multiple generators, biometric security, FM 200 fire suppression, climate control, and redundant carrier connectivity. It serves as a critical data infrastructure asset for DaVita’s operations nationwide. The property is strategically located just one mile from Interstate 5 and near the Port of Tacoma, providing strong logistics access and visibility. It benefits from 200,000+ VPD on I-5, 20,000+ VPD in the immediate area, 13,000+ VPD on Pacific Avenue, and 36,000+ VPD on Highway 509. Downtown Tacoma continues to grow as a vibrant economic hub, supported by major employers such as True Blue Inc., Simpson, Roman Meal, Brown & Haley, and DaVita. The area is also in close proximity to leading companies like Microsoft, Amazon, Boeing, and Starbucks in nearby Seattle. The Port of Tacoma is one of the largest deep-water container ports in North America, and the city is home to top educational institutions including University of Washington Tacoma, University of Puget Sound, and Pacific Lutheran University. The surrounding demographics further support strong tenant demand, with 277,876 residents and an average household income of $87,509 within five miles, along with a significant daytime employee population of 136,963 in the same radius.