Contacts
Jim Kornick
Avison Young
(202) 644-8681
Property Details
- 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.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
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
Attachments
Getting around
-
86/100
Walk Score ®
-
66/100
Transit Score ®
-
70/100
Bike Score ®
Powered by Walk Score ®
Location
- City Washington, DC
- Neighborhood Brookland
- Zip Code 20018
- Market Washington DC Suburban Maryland
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Jim Kornick
Avison Young
(202) 644-8681
