VA Outpatient Clinic

Tenant

U.S. Department of Veterans Affairs

Location

Marion, Ohio

Price

Unstated

CAP Rate

Unstated

NOI

Unstated

Lease Term

20 Years

Occupancy

100%

Building Size

20,648 SQ FT

Property Type

Medical Office

Year Built

2025

Lot Size

3.23 Acres

Status

Available

Property Contacts:

Travis Trautvetter

Managing Partner | Capital Markets

858 367 5105 | Email

Jake Trautvetter

Managing Partner | Capital Markets

858 367 5102 | Email

Isabel Musgrove

Director | Operations & Marketing

858 367 0929 | Email

U.S. FEDERAL GOVERNMENT CREDIT / NEW 20-YEAR FIRM LEASE TERM
First-generation, 20-year firm (non-cancellable) lease term with U.S. Department of Veterans Affairs commenced in May 2025, guaranteed by the full faith and credit of the United States of America

2025 BUILD-TO-SUIT / VA OUTPATIENT CLINIC
New 2025 construction, designed and built-to-suit for Veterans Affairs (VA); state-of-the-art VA Outpatient Clinic delivering coordinated patient care services via the VA’s Patient Aligned Care Team (PACT) model

$6.1 MILLION IN TENANT-FUNDED IMPROVEMENTS ($297/SQ FT)
Tenant-funded improvements in excess of $6.131 million ($297 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

ESSENTIAL VA HEALTHCARE SERVICES
Marion VA Outpatient Clinic provides essential healthcare services to the local and regional Veteran population, including Audiology, Cardiology, Laboratory and Pathology, Mental Health Care, Nutrition and Dietary Care, Optometry, Primary Care, PTSD Care, Social Work, and other crucial medical care

CENTRAL LOCATION IN MARION, OHIO
Positioned in a well-established, central location in close proximity to OhioHealth Marion General Hospital (250 beds) as well as numerous national businesses and retailers, including auto dealerships for Honda and Ford, Walgreens, Burker King, Arby’s, Wendy’s, Taco Bell, Tractor Supply Co, and more