DC-Infill VA Clinic

For Sale

1500 Franklin Street Northeast, Washington, DC 20018

This Washington property for sale is located at 1500 Franklin Street Northeast. The general use of DC-Infill VA Clinic is office and it incorporates 14,177 square feet of class A office space. Contact the listing broker for details on the current sale price for DC-Infill VA Clinic.

Contacts

broker

Jim Kornick

Avison Young

Property Details

  • Property Type Office - Medical Office
  • Property Size 14,177 SF
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Renovated 2012
  • Date Updated May 19, 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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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

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Location

  • City Washington, DC
  • Neighborhood Brookland
  • Zip Code 20018
  • Market Washington DC Suburban Maryland

In-Depth Research Available for this Property

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Contact Listing Broker

broker

Jim Kornick

Avison Young