DC-Infill VA Clinic
Washington, District of Columbia
Building
Stats
- Property Type Office - Medical, Office - Institutional/Governmental
- Building size (SF) 14,177
- Price $10,000,000
Overview
Avison Young’s U.S. Capital Markets Group, as exclusive advisor to the Owner, is pleased to present the opportunity to acquire 1500 Franklin Street NE (“the Property”), a 100% leased clinical outpatient building in Washington, DC, entirely occupied by the U.S. Department of Veterans Affairs.
Highlights
100% LEASED TO DEPT. OF VETERAN AFFAIRS with 8.00 years of weighted average lease term
LONG-TERM INCOME SECURITY bolstered by 4.35% NOI growth (10-year CAGR)
ASSUMABLE, SELF-AMORTIZING LOAN at a 4.207% rate
SCARCITY VALUE one of only two VA Health facilities in DC
ESSENTIAL VA FACILITY provides healthcare services to nearly 145,000 veterans in the Property’s trade area (15 miles)
GATEWAY LOCATION inside of the Capital Beltway along the US Route 1 Corridor (Rhode Island Avenue) with proximity to Metro and bus routes provides ease of access for patients in DC as well as urban Maryland
CLOSEST OUTPATIENT CLINIC TO THE VA HOSPITAL located 1.4 miles from the Washington VA Medical Center
