VA OUTPATIENT CLINIC

Price

Unstated

NOI

Unstated

Building Size

14,574 SQ FT

Tenant

Veterans Affairs

Occupancy

100%

Property Type

Medical Office

Year Built

2016

Lot Size

2.01 Acres

Status

Sold

Lease Term

Unstated

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
New 15-year firm lease, providing long-term, secure cash flow

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

SIGNIFICANT TENANT IMPROVEMENTS
Significant investment by VA in this location, with Tenant Improvements exceeding $4.2 million

SITE SELECTION BY VETERANS AFFAIRS
Location was pre-selected by VA, situated adjacent to Desert View Hospital

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

The Pahrump Veterans Affairs (VA) Community-Based Outpatient Clinic is a new build-to-suit healthcare facility consisting of 14,574 rentable square feet that was completed in October 2016. This new facility is a relocation and expansion of the existing VA clinic in Pahrump, increasing the size of the previous location by over 200%. Pahrump and Nye County, Nevada experiences a high demand for VA services due to an above-average population of veterans, which exceeds 6,700.

The property is leased for a new 15-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 designed to achieve LEED Certification, 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 $4.2 million.

This site was pre-selected by the VA prior to obtaining bids to develop the facility. The building is adjacent to Desert View Hospital, which provides a selection of additional healthcare services for veterans above those that are available on an outpatient basis. This new location is a result of years of work by members of Congress to obtain a new location which can accomodate the high demand for VA services in this area, and eliminate the need for the local veteran population to make the approximate two hour round trip to obtain medical care at the VA hospital in Las Vegas.