VA OUTPATIENT CLINIC

Tenant

Department of Veterans Affairs

Location

Pahrump, NV

Price

Unstated

CAP Rate

Unstated

Lease Term

14.5 Years Remaining

Occupancy

100%

Building Size

14,574 SQ FT

Property Type

Office

Year Built

2016

Lot Size

2.01 Acres

Status

Sold

BENCHMARK PRICING
Sold to private 1031 exchange buyer

25 DAY ESCROW
All cash transaction

Aaa CREDIT
100% Leased to U.S. Department of Veterans Affairs

LONG-TERM LEASE
New 15-year firm lease term

2016 CONSTRUCTION
Build-to-suit for VA

SIGNIFICANT TENANT IMPROVEMENTS
TI costs exceeded $4.2 million

The Pahrump Veterans Affairs (VA) Community-Based Outpatient Clinic is a new build-to-suit healthcare facility consisting of 14,574 rentable square feet that was completed in October 2016. This new facility is a relocation and expansion of the existing VA clinic in Pahrump, increasing the size of the previous location by over 200%. Pahrump and Nye County, Nevada experience strong demand for VA services due to a high percentage of veterans in the area.