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2495 General Armistead Ave, Norristown, PA 122 Marshall Rd, Lowell, MA 1301 NE 14th St, Oklahoma City, OK 2001 Mountain Rd NW, Albuquerque, NM
U.S. DEPARTMENT OF VETERANS AFFAIRS PORTFOLIO
Asset ClassOffice, Healthcare Facility, Retail
Deal Size$20.62 M
Cap Rate: 8.43%Square Feet: 74,016Weighted Average Lease Term: 5 YearsAccess Data Room
overview of deal

Overview

Opportunity to acquire a four-property, +/-74,016 SF portfolio leased to the U.S. Department of Veterans Affairs across Pennsylvania, Massachusetts, Oklahoma, and New Mexico. The portfolio includes newly built and established VA clinics, all supporting essential healthcare for veterans. The portfolio contains a weighted average lease term of 5 years.

 

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Investment Highlights

*Seller will consider single-asset and/or portfolio offers.

The portfolio includes the following properties:

• 38,401 SF VA clinic in Lowell, MA, with strong utilization and long-standing occupancy

• 10,972 SF VA-leased office in Oklahoma City, leased through 2029 with a 5-year renewal option

• 5,076 SF VA-occupied retail property in Albuquerque, NM, leased through 2027

• 19,567 SF multi-tenant facility in Montgomery County, PA, with 13,268 SF leased to the VA through 2041 (firm through 2031) and the remaining space of 6,299 SF leased to Medline through February, 2028

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2495 General Armistead AveNorristown, PA 19403

Sales Team

Colt Neal Senior Managing Director404-806-2512colt.neal@nmrk.com
Davis Finney Senior Managing Director770-552-2447davis.finney@nmrk.com
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Listing provided by Revere CRE