VA HEALTHCARE CENTER

Tenant

Veterans Affairs

Location

South Bend, IN

Price

Unstated

CAP Rate

Unstated

Lease Term

15 Years

Occupancy

100%

Building Size

83,363 SQ FT

Property Type

Medical Office

Year Built

2017

Lot Size

14.88 Acres

Status

Sold

FORWARD SALE COMMITMENT
Structured forward sale with closing at project completion

LONG-TERM LEASE WITH FEDERAL GOVERNMENT
New 15-year firm lease term guaranteed by United States of America – Moody’s Aaa credit rating

BUILD-TO-SUIT CONSTRUCTION
State-of-the-art, build-to-suit healthcare facility for Veterans Affairs

LEED HEALTHCARE SILVER CERTIFICATION
Designed and constructed to achieve LEED Healthcare Silver Certification

EXPANSION AND RELOCATION OF EXISTING VA CLINIC
Expansion and relocation of existing VA clinic in South Bend, with new facility quadrupling the size of the prior clinic

MAJOR VETERAN POPULATION
Facility provides service to a surrounding Veteran population exceeding 32,000

IMMEDIATE PROXIMITY TO REGIONAL MEDICAL CENTER
Located in immediate proximity to the recently constructed, $350 million, 254-bed Saint Joseph Regional Medical Center

The Veterans Affairs Saint Joseph County Health Care Center is a new, state-of-the-art 86,363 square foot medical facility, which was built-to-suit for VA and completed in September 2017.