- 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
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
False
Contacts
Location
Getting Around
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Walk Score ®
86/100
Very Walkable
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Transit Score ®
66/100
Good Transit
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Bike Score ®
70/100
Very Bikeable
Powered by Walk Score ®
- City Washington, DC
- Neighborhood Brookland
- Zip Code 20018
- Market Washington DC Suburban Maryland
Frequently Asked Questions
What is the total square footage of DC-Infill VA Clinic?
DC-Infill VA Clinic totals 14,177 square feet.
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