DaVita Dialysis

240 Parker Dr | La Grange, Kentucky

Case Study

Bedrock Investments Group (BIG) acquired 1.63 acres of fee simple ownership of land beneath this DaVita Dialysis Center. The tenant built a 5,768 sf freestanding building on the site. The ground lease was renewed in 2020 and fronts on Interstate 71. DaVita Healthcare Partners, Inc. (NYSE: DVA) operates over 2,100 dialysis centers nationwide. It was one of the larger stock holdings of Berkshire Hathaway. La Grange is the county seat of Oldham County and located within a short drive to Louisville, KY. The facility was developed as a build-to-suit for DaVita in 2005. It is strategically located near downtown La Grange and Baptist Health Center, an 120 bed acute care facility that is part of Baptist Health Systems, Kentucky’s major healthcare facility network. The facility currently houses fourteen (14) dialysis stations with internal capacity for expansion and adding additional treatment shifts. The property was acquired from the original Florida based developer, who wished to use the capital for other projects closer to his home base of operations. A new 100 room Holiday Inn Express is scheduled for completion in 2017 on the adjacent property which fronts I-71. A Holiday Inn Express was completed on the adjacent lot in 2017.

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