Department of Veterans Affairs
Corpus Christi, TX
Unstated
Unstated
20 Years
100%
43,000 SQ FT
Office
2012
5+ Acres
Sold
SINGLE-TENANT FEDERAL GOVERNMENT FACILITY
100% Leased to the U.S. Department of Veterans Affairs
Aaa Credit Tenancy
Lease is guaranteed by the United States of America, featuring an Aaa credit rating
LONG-TERM LEASE, NO TERMINATION RIGHTS
Original 20-year firm lease term, providing long-term, secure income
BUILD-TO-SUIT CONSTRUCTION
Build-to-suit VA healthcare facility, completed in 2012
GRE Group was hired by McShane Development Company to structure an 18-month pre-sale of the VA Outpatient Clinic in Corpus Christi. A private, ultra high net worth investor was procured that replaced 100% of the developer equity in the project and delivered a fixed take-out price at completion.
