CLOSED TRANSACTION, SOLD TO 1031 EXCHANGE BUYER
National marketing campaign by GOVT Real Estate Group generated multiple offers and a successful closing with a California-based private investor completing a 1031 exchange

VA OUTPATIENT CLINIC WITH 15-YEAR FIRM LEASE TERM
New 15-year firm lease term with U.S. Department of Veterans Affairs commenced in September 2024; rare federal lease structure with 9% base rent increases every 5 years and tenant responsibility for janitorial and utilities

BUILD-TO-SUIT CONSTRUCTION
2012 build-to-suit VA Outpatient Clinic, constructed to relocate and expand existing VA services in Modesto; significant VA investment in the facility via original tenant-funded improvements and new Tenant Improvements with lease renewal; sustainable and efficient building, designed and constructed to achieve LEED Silver Certification

ESSENTIAL VA HEALTHCARE SERVICES
VA Outpatient Clinic in Modesto provides a comprehensive range of healthcare services including primary care, laboratory and pathology, mental health care, substance use care, advice nurse, audiology, cardiology, chiropractic, hematology/oncology, weight management, trauma care, dietary care, PTSD care, physical and occupational therapy, radiology, tobacco cessation, social work, telehealth, women’s care, wound care and ostomy, and whole health

CALIFORNIA CENTRAL VALLEY LOCATION
Located in the Central Valley of California in Modesto, the 19th-largest city in California, featuring a population of approximately 220,000; positioned in immediate proximity to established national retailers and services including Save Mart, CVS, Grocery Outlet, El Pollo Loco, Jack in the Box, KFC, Stanislaus County Offices, 7-Eleven, AutoZone, Citi Bank, Chase Bank, and numerous others