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U.S. Department of Veterans Affairs 2 Office Properties Offered at $28,887,151 CAD in Multiple Locations
INVESTMENT HIGHLIGHTS
- Institutional Credit of the Department of Veterans Affairs
- Brand-New, State-of-the-Art Outpatient Clinic (Clermont County)
- Strong Regional VA Presence and Deep Veteran Populations
- Premier Healthcare Locations with Irreplaceable Synergy
- Direct VA Investment in Tenant Improvements
- Favorable Re-Lease Opportunity
EXECUTIVE SUMMARY
4327 Ivy Pointe Blvd | Cincinnati, OH 45245
2500 E State Blvd | Fort Wayne, IN 46805
Northmarq National Healthcare Group is pleased to exclusively offer the opportunity to acquire two (2) Medical Outpatient Centers fully leased and occupied by the US Department of Veteran Affairs. One of the properties is located in Cincinnati, Ohio ("Clermont County") and the other in Fort Wayne, Indiana ("Fort Wayne"). Clermont County is subject to a brand-new Modified Net lease structure which calls for attractive $2.00/SF every 5 years rental increases with 20 years of lease term remaining. Fort Wayne is subject to a Modified Net lease structure which calls for attractive CPI annual rental increases with just under ten (10) years of lease term remaining.
2500 E State Blvd | Fort Wayne, IN 46805
Northmarq National Healthcare Group is pleased to exclusively offer the opportunity to acquire two (2) Medical Outpatient Centers fully leased and occupied by the US Department of Veteran Affairs. One of the properties is located in Cincinnati, Ohio ("Clermont County") and the other in Fort Wayne, Indiana ("Fort Wayne"). Clermont County is subject to a brand-new Modified Net lease structure which calls for attractive $2.00/SF every 5 years rental increases with 20 years of lease term remaining. Fort Wayne is subject to a Modified Net lease structure which calls for attractive CPI annual rental increases with just under ten (10) years of lease term remaining.
PROPERTY FACTS
| Price | $28,887,151 CAD | Number of Properties | 2 |
| Price / SF | $473.95 CAD / SF | Individually For Sale | 2 |
| Cap Rate | 6.60% | Total Building Size | 60,950 SF |
| Sale Type | Investment | Total Land Area | 8.33 AC |
| Status | Active |
| Price | $28,887,151 CAD |
| Price / SF | $473.95 CAD / SF |
| Cap Rate | 6.60% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 60,950 SF |
| Total Land Area | 8.33 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2500 E State Blvd, Fort Wayne, IN 46805 | Office | 34,031 SF | 1977 | $13,569,250 CAD |
| 4327 Ivy Pointe blvd, Cincinnati, OH 45245 | Office | 26,919 SF | 2025 | $15,311,016 CAD |
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U.S. Department of Veterans Affairs
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