U.S. Dept. of Veterans Affairs

Tenant

U.S. Dept. of Veterans Affairs

Location

Confidential, US

Price

Unstated

CAP Rate

Unstated

Lease Term

20 Years

Occupancy

100%

Building Size

251,000 SQ FT

Property Type

Office

Year Built

Unstated

Lot Size

Unstated

Status

Sold

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

SINGLE-TENANT VA HEALTH CARE CENTER
100% leased to the U.S. Department of Veterans Affairs

U.S. FEDERAL GOVERNMENT CREDIT
Lease guaranteed by the United States of America, featuring an Aaa credit rating

LONG-TERM LEASE
20-year firm VA lease with no termination rights, providing long-term, secure income

BUILD-TO-SUIT CONSTRUCTION
State-of-the-art, build-to-suit health care facility, designed and constructed according to VA requirements

ESSENTIAL HEALTH CARE FACILITY
Comprehensive VA health care services provided at this facility to over 18,000 veterans located throughout the region

The Veterans Affairs (VA) Health Care Center is a single-tenant, 251,000 square foot medical facility that was built-to-suit for the VA. This facility is an essential part of the VA network, providing comprehensive services to over 18,000 veterans located throughout the region.

This facility is leased for a 20-year firm, non-cancellable term with the U.S. Department of Veterans Affairs. The lease is guaranteed by the full faith and credit of the United States of America, featuring an Aaa rating from Moody’s Investors Service, providing a highly secure, long-term income stream. The lease includes a favorable structure with tenant responsible for interior electricity and gas, with reimbursements over the base year for real estate taxes and insurance, thereby reducing the level of landlord requirements contained in the majority of federal leases.