Historical Office Sale Listing - Veterans Affairs Building

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Veterans Affairs Building

1225 Oakdale Rd, Modesto, CA 95355

N/A

24,180 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
24,180 SF
Property Type:
Office
Property Sub-type:
Institutional/Governmental
Additional Sub-types:
Medical Office
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
6.50%
Building Class:
A
Tenancy:
Single
Year Built:
2012
Lot Size:
116,740 SF
Listing ID
17820305
Last Updated
over 1 year ago

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

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.

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

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