VA & DOD HEALTHCARE CENTER

Tenant

Department of Veterans Affairs

Location

Monterey, CA

Price

Unstated

CAP Rate

Unstated

Lease Term

20 Years

Occupancy

100%

Building Size

141,226 SQ FT

Property Type

Medical Office

Year Built

2017

Lot Size

14.31 Acres

Status

Sold

FORWARD SALE
Structured complex forward sale commitment including placement and assumption of CTL financing

SINGLE-TENANT FEDERAL GOVERNMENT FACILITY
100% leased to U.S. Federal Government, which features an Aaa credit rating

NEW 20-YEAR LEASE
Long-term, secure cash flow via new 20-year firm lease

2017 BUILD-TO-SUIT CONSTRUCTION
New state-of-the-art, build-to-suit healthcare facility for Veterans Affairs and Department of Defense

LEED GOLD CERTIFICATION
Designed to achieve LEED Gold Certification

SIGNIFICANT DEMAND BY VETERANS & DEPT. OF DEFENSE
Facility provides regional service to approximately 80,000 individuals within VA and DoD

The Veterans Affairs & Department of Defense Health Care Center in Monterey, California is a 141,226 square foot, state-of-the-art medical facility with LEED Gold Certification, built-to-suit for the Federal Government in 2017.