VA Consolidated Mail Outpatient Pharmacy

Tenant

U.S. Dept. of Veterans Affairs

Location

North Charleston, SC

Price

Unstated

CAP Rate

Unstated

Lease Term

Unstated

Occupancy

Unstated

Building Size

118,238 SQ FT

Property Type

Office

Year Built

2020

Lot Size

8.6 Acres

Status

Sold

FEDERAL GOVERNMENT CREDIT
Lease guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating and unrivaled income security

20-YEAR FIRM LEASE TERM
New, first-generation, 20-year firm lease term, with no termination rights

ESSENTIAL VA PHARMACEUTICAL DISTRIBUTION FACILITY
One of only seven regional VA Consolidated Mail Outpatient Pharmacy (CMOP) facilities nationally, responsible for filling, packaging, and distribution of prescription medicine, and one of only two locations authorized to handle controlled substances

NEW CONSTRUCTION
New 2020 construction, Green Globe Certified, highly automated warehouse facility featuring an expansive production floor and concrete truck court with eight loading docks and one drive-in door, serviced by 190 employees working in two shifts

EXPANSION AND RELOCATION
New VA CMOP facility expands and relocates existing regional distribution operations for the VA in North Charleston, which processed approximately 26 million orders in 2018