For Sale Subject To Offer
Property Type Office - Medical Office
Property Size 14,177 SF
Property Tenancy Single Tenant
Building Class A
Year Renovated 2012
Date Updated Mar 25, 2024

Washington, DCAvison 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.

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Attachments

Franklin Street VA Clinic Teaser.pdf (PDF) opens in new window

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