VA OUTPATIENT CLINIC

Price

$12,100,000

NOI

Unstated

Building Size

24,301 SQ FT

Tenant

U.S. Department of Veterans Affairs

Occupancy

100%

Property Type

Medical Office

Year Built

2012

Lot Size

2.69 Acres

Status

Available

Lease Term

10 Years

Property Contacts:

Travis Trautvetter

Vice Chairman

858 558 5609 | Email

SINGLE-TENANT FEDERAL GOVERNMENT FACILITY
100% Leased to the U.S. Department of Veterans Affairs

Aaa CREDIT TENANCY
Lease guaranteed by the United States of America – credit rating of Aaa from Moody’s Investor Services

LONG-TERM, FIRM LEASE
Firm lease term, with no cancellation provisions

BUILD-TO-SUIT CONSTRUCTION
State-of-the-art, build-to-suit healthcare facility for Veterans Affairs, expanding and relocating existing VA services in Modesto

SIGNIFICANT TENANT IMPROVEMENTS
Significant investment by VA in this location, with Tenant Improvements exceeding $4 million

SUSTAINABLE AND ENERGY EFFICIENT DESIGN
Facility was designed and constructed to achieve LEED Silver Certification

 

The Modesto Veterans Affairs (VA) Community-Based Outpatient Clinic is a single-tenant, 2012 build-to-suit healthcare facility consisting of 24,301 rentable square feet. This facility is a relocation and expansion of the VA clinic in Modesto, and is over twice the size of the previous VA clinic in Modesto.

Modesto VA is leased on a long-term basis via an original 10-year firm term with the U.S. Department of Veterans Affairs, and is guaranteed by the United States of America, which features an Aaa credit rating from Moody’s Investor Services.

The building is LEED Silver Certified, incorporating a variety of features related to sustainability and energy efficiency. The VA is heavily invested in this location, with Tenant Improvements in excess of $4 million which were funded at the time of occupancy by the tenant.

The Modesto VA Clinic benefits from an excellent location, situated on Oakdale Road, a major north/south arterial, and just over one mile from Memorial Medical Center, a 423-bed hospital affiliated with the Sutter Health system. The subject property is surrounded by major national tenants and retailers on Oakdale Road, including Burger King, Chevron, Bank of the West, Chase Bank, Citi Bank, Rite Aid, 7-Eleven, and others. Modesto is the 18th-largest city in California, with a population exceeding 200,000.