U.S. Department of Veterans Affairs
Chico, CA
Unstated
Unstated
15 Years
100%
51,647 SQ FT
Office
2019
Unstated
Sold
FORWARD SALE STRUCTURE
Forward sale of build-to-suit VA healthcare facility, structured prior to groundbreaking
FEDERAL GOVERNMENT CREDIT
Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security
LONG-TERM VA LEASE
100% leased to Veterans Affairs for new 15-year firm lease term
2019 BUILD-TO-SUIT CONSTRUCTION
State-of-the-art, build-to-suit VA Outpatient Clinic, relocating and expanding the existing VA clinic in Chico
ESSENTIAL VA FACILITY
Chico VA provides healthcare services to over 9,000 veterans in the surrounding region
SUSTAINABLE AND ENERGY-EFFICIENT DESIGN
Designed and constructed according to LEED Silver standards
The United States Department of Veterans Affairs (VA) is a government-run military veteran benefit system with Cabinet-level status. It is responsible for administering programs of veterans’ benefits for veterans, their families, and survivors.
The benefits provided include disability compensation, pension, education, home loans, life insurance, vocational rehabilitation, survivors’ benefits, medical benefits and burial benefits. The VA is a single-payer health-care system and the American government’s second largest department, after the United States Department of Defense. With a total 2016 budget of approximately $168.8 Billion, VA employs approximately 294,087 people at hundreds of Veterans Affairs medical facilities, clinics, and benefits offices.
