- Details
- Investment Highlights
- Description
Tenant
U.S. Department of Veterans Affairs
Location
Confidential, US
Price
Unstated
CAP Rate
Unstated
NOI
Unstated
Lease Term
20 Years | 15 Firm
Occupancy
100%
Building Size
14,309 SQ FT
Property Type
Medical Office
Year Built
1985 | 2026
Lot Size
1.76 Acres
Status
Available
Property Contacts:
U.S. FEDERAL GOVT CREDIT / NEW 20-YEAR LEASE TERM
New, first-generation, 20-year lease term with U.S. Department of Veterans Affairs (VA) commenced in July 2026, guaranteed by the full faith and credit of the United States of America
2026 REDEVELOPMENT FOR U.S. DEPT OF VETERANS AFFAIRS
Comprehensive redevelopment of existing building shell with completion in 2026, designed and constructed to meet the specific needs of VA
$6.585 MILLION IN TENANT-FUNDED IMPROVEMENTS ($460/SQ FT)
Tenant-funded improvements of $6.584 million ($460 per square foot) evidences the significant investment in this location by VA and creates an asset basis that is below current and future replacement costs
EXPANSION AND RELOCATION OF VA CRRC
The new VA Community Resource and Referral Center (CRRC) expands and relocates the existing CRRC services within market, which were previously housed in a 2,628 square foot building constructed in 1960
ESSENTIAL VA SERVICES
VA CRRC is one of 35 total CRRCs throughout the United States, providing one-stop, integrated care for at-risk and unhoused Veterans, with multi-agency services including assistance with housing, medical care, mental health counseling, and supportive community services
