Listed by Matthews
$7,348,010
Veteran Affairs Clinic
Details
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 26,516
Cap Rate 9.10%
NOI $668,669
Tenancy Single
Brand/Tenant VA Center
Lease Term 20
Lease Expiration 03/31/2042
Remaining Term 15.8
Price per SqFt $277
Year Built 2002
Buildings 1
Stories 1
Acreage 5.260
Parking Spaces 60 spaces
Parking Per SqFt 2.26
Lease Commencement 04/01/2022
Ownership Fee Simple
One of two CLCs In Colorado – This is the only location on the east side of the state
Investment highlights
No Janitorial Expenses – Tenant takes care of all janitorial costs
One of two CLCs In Colorado – This is the only location on the east side of the state, with the next CLC being nearly six hours away in Grand Junction, CO
Population Growth – Near 10% population growth and doubling of households over the last two decades makes Pueblo a booming real estate market
Massive Veteran Population – It’s estimated over 370,000 Veterans live in Colorado, with not a lot of CLC locations to support this need
Large Parcel – Situated on ±5.26 acres, there is plenty of room for the VA to expand down the line if needed, the property line extends
beyond the fence
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$668,669.00
$55,722.42/mo
Valuation Metrics
0
DSCR
9.1%
Cap Rate
9.1%
ROI
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