U.S. DEPARTMENT OF VETERANS AFFAIRS

Tenant

U.S. Department of Veterans Affairs

Location

La Crosse, WI

Price

Unstated

CAP Rate

Unstated

Lease Term

19.5 Years

Occupancy

100%

Building Size

41,212 SQ FT

Property Type

Office

Year Built

Renovated 2020

Lot Size

4.64 Acres

Status

Available

Property Contacts:

Travis Trautvetter

Vice Chairman - Capital Markets

858 367 5105 | Email

Jake Trautvetter

Senior Director – Capital Markets

858 558 5624 | Email

Kari Fiske

Senior Brokerage Specialist

858 334 4032 | Email

FEDERAL GOVERNMENT CREDIT
Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security

NEW 20-YEAR LEASE TERM
First-generation lease for new 20-year term, occupied by U.S. Department of Veterans Affairs, serving as the VA Outpatient Clinic for La Crosse

VA EXPANSION AND RELOCATION
La Crosse VA Clinic is an expansion and relocation of existing VA services which were previously housed in two separate facilities; new La Crosse clinic provides a wide range of services including Primary Care, Behavioral Health, Whole Health and Complimentary Integrated Health services, Women’s Health, Clinical Nutrition, Optometry, Audiology, Physical Therapy, Laboratory services, and Telehealth services

2020 REDEVELOPMENT
Complete redevelopment for VA with completion in 2020, constructed to meet specific requirements of the tenant

SIGNIFICANT TENANT INVESTMENT
Over $3.87 million in tenant improvements, demonstrating significant tenant investment in the facility

VACANCY UPSIDE
Additional vacant suite with separate entrance comprised of 19,495 rentable square feet, providing significant upside potential

The U.S. Department of Veterans Affairs Outpatient Clinic in La Crosse, Wisconsin is a new healthcare facility leased for a 20-year term with Veterans Affairs (VA). The lease is guaranteed by the full faith and credit of the United States of America, featuring a Moody’s Aaa credit rating and unrivaled income security.

VA occupies 21,717 rentable square feet within the subject property, a 41,212 square foot annex building at the Valley View Mall, a premier shopping destination. Completely redeveloped in 2020 and constructed according to the specific requirements of the tenant, the VA invested significant funds into this new location, with tenant improvements exceeding $3.87 million.

The La Crosse clinic is an expansion and relocation of existing VA services which were previously housed in two separate area facilities. The new La Crosse VA Clinic provides a wide range of VA services including Primary Care, Behavioral Health, Whole Health and Complimentary Integrated Health services, Women’s Health, Clinical Nutrition, Optometry, Audiology, Physical Therapy, Laboratory services, and Telehealth services. This facility was designed in accordance with the VA’s Patient Aligned Care Team (PACT) model, providing personalized, proactive, patient-driven care.

The second suite within the subject property is comprised of 19,495 rentable square feet of lit, conditioned shell space, with a separate entrance at the front of the building. This component of the offering provides significant upside potential through lease up of the space.

The La Crosse VA Clinic benefits from an excellent location within the Valley View Mall, surrounded by top brands including Dick’s Sporting Goods, Zumiez, Express, American Eagle Outfitters, Bath & Body Works, and more, with dining options that include China Max, Chick E. Cheese’s, Texas Roadhouse, Coney Island, Gloria Jean’s Coffee, and Hu Hot Mongolian Grill.