- Details
- Investment Highlights
- Description
Tenant
Veterans Affairs
Location
Monterey, CA
Price
Unstated
CAP Rate
Unstated
Lease Term
20 Years
Occupancy
100%
Building Size
141,226 SQ FT
Property Type
Medical Office
Year Built
2017
Lot Size
14.31 Acres
Status
Sold
Property Contacts:
FORWARD SALE
Structured complex forward sale commitment including placement and assumption of CTL financing
SINGLE-TENANT FEDERAL GOVERNMENT FACILITY
100% leased to U.S. Federal Government, which features an Aaa credit rating
NEW 20-YEAR LEASE
Long-term, secure cash flow via new 20-year firm lease
2017 BUILD-TO-SUIT CONSTRUCTION
New state-of-the-art, build-to-suit healthcare facility for Veterans Affairs and Department of Defense
LEED GOLD CERTIFICATION
Designed to achieve LEED Gold Certification
SIGNIFICANT DEMAND BY VETERANS & DEPT. OF DEFENSE
Facility provides regional service to approximately 80,000 individuals within VA and DoD
The Veterans Affairs & Department of Defense Health Care Center in Monterey, California is a 141,226 square foot, state-of-the-art medical facility with LEED Gold Certification, built-to-suit for the Federal Government in 2017.