U.S. Department of Veterans Affairs
Baton Rouge, LA
Unstated
Unstated
Unstated
19 Years Remaining (14 Firm)
100%
7,738 SQ FT
Office
2023 Redevelopment
0.98 Acres
Closed
FULL PRICE SALE TO CALIFORNIA 1031 BUYER, 21-DAY ESCROW PERIOD
Generated multiple offers and secured a full price, all-cash closing with 21-day escrow period, sold to California-based 1031 exchange buyer
20-YEAR FEDERAL GOVT LEASE TERM
First-generation lease with U.S. Department of Veterans Affairs for a new 20-year term (15 firm) commencing in November 2023, backed by the full faith and credit of the U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security
2023 CONSTRUCTION
Renovation-to-suit for VA in 2023, relocating existing VA Vet Center services in Baton Rouge to a new single-tenant, high-quality facility
SIGNIFICANT TENANT INVESTMENT
VA funded $1.99 million in new tenant improvement costs ($257 per foot) paid in lump sum at project completion, demonstrating significant tenant investment in the facility
STATE CAPITAL OF LOUISIANA
Baton Rouge, the State Capital of Louisiana, ranks as the 99th largest city within the United States, with a population exceeding 227,000
