This Office Property is Off-Market.

1225 Oakdale Rd
Modesto, CA 95355 ·

24,180 SF · Office For Sale

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Veterans Affairs Building

Price N/A Cap Rate 6.50%
Building Size 24,180 SF Building Class A
Property Type Office Tenancy Single
Property Sub-type
Institutional/Governmental
More...
  • Medical Office
Year Built 2012
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 116,740 SF
Listing ID: 17820305 Date Created: 09/05/2012 Last Updated: 11/15/2012

Description

The subject property will be home to a community-based Veterans Affairs Outpatient Clinic. It will replace an existing 10,000 square foot VA facility in Modesto, allowing the VA to provide more veterans with a wider range of state-of-the-art medical services. These services to be provided will include primary care, mental health services, limited specialty care, and ancillary and diagnostic services. The clinic will serve approximately 7,000 veterans and increase treatment capacity and reduce the travel burden for veterans residing in the Central Valley. The clinic is approximately one quarter mile south of the Stanislaus Surgical Hospital, and one and a half miles from Memorial Hospital.

The improvements were built to the high standards of the Government and will qualify for LEED silver certification.

The property is situated on Oakdale Road, a major north-south thoroughfare in east Modesto. It is conveniently located roughly halfway between East Briggsmore Avenue and Scenic Drive, both of which are major east-west thoroughfares. Approximately a quarter mile south of the property is Scenic Place, a community center anchored by Save Mart Supermarkets, CVS Pharmacy, and Ross. Old Oakdale Road Shopping Center is directly across the street from Scenic Place and is anchored by Grocery Outlet, Walgreens, and O'Reilly's Auto Parts. Century Center is a community center located approximately a quarter mile north of the property. It is anchored by Planet Fitness.

Highlights

  • New 10-Year Lease to the United States of America on Behalf of the Department of Veterans Affairs
  • 2012 LEED Silver Improvements
  • Outpatient Clinic will Serve 7,000 Veterans
  • Close Proximity to Two Hospitals
  • Replaces a Smaller Facility to Provide More State-of-the-Art Medical Services

Research

1225 Oakdale Rd, Modesto, CA 95355 (Stanislaus County)

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