VA OUTPATIENT CLINIC

Tenant

Department of Veterans Affairs

Location

Gilbert, AZ

Price

Unstated

CAP Rate

Unstated

Lease Term

20 Years

Occupancy

100%

Building Size

71,259 SQ FT

Property Type

Office

Year Built

2014

Lot Size

12 Acres

Status

Sold

SINGLE-TENANT FACILITY
Leased to the U.S. Federal Government

AAA CREDIT TENANCY (MOODY’S)

2014 BUILD-TO-SUIT CONSTRUCTION

NEW 20-YEAR LEASE TERM

FIRM LEASE WITH NO TERMINATION OPTIONS

EXCELLENT LOCATION IN GILBERT, ARIZONA

FACILITY WILL SERVICE 19,000 VETERANS

The Phoenix (Gilbert) VA Outpatient Clinic is a 71,259 square foot, two-story, institutional-quality medical office facility. This project was a build-to-suit development for the U.S. Department of Veterans Affairs (VA), with completion in February of 2014. The Phoenix/Gilbert VA Clinic is 100% leased to the VA under a new 20-year firm lease term, guaranteed by the United States of America, with no termination options. This lease format is one of the rarest and most desirable structures available in Federal Government leasing, as the long-term, non-cancellable lease provides for a secure and uninterrupted cash flow stream, and also makes the asset extremely financeable. The Phoenix/Gilbert VA Clinic provides veterans with a new state-of-the art facility, replacing the existing VA Health Care Clinic within the former Williams Air Force Base Hospital, which is 5 miles east. The Phoenix/Gilbert VA Clinic is expected to service over 19,000 veterans, located in three counties. This facility is LEED Silver for Healthcare certifiable and was designed with careful consideration to the building’s architecture, materials used in construction, energy efficiency, day lighting, and outdoor space for employee use.