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Department of Veteran Affairs 2620 Perkins Creek Dr 11,500 SF Office Building Paducah, KY 42001 $2,300,000 ($200/SF) 10.28% Cap Rate
Investment Highlights
- In 2017, the VA established operations at this location, delivering a full build-out to conform with rigorous federal government specifications.
- Serves a regional veteran population across western Kentucky and southern Illinois.
- VA leases have demonstrated historically high renewal rates, generally ranging between 80% and 90%.
- The facility operates as a Community-Based Outpatient Clinic (CBOC), providing primary care, mental health services and more.
- Functions as a key rural healthcare hub with a multi-state catchment spanning KY, IL, MO, and parts of TN.
- The property is conveniently located within approximately 10 minutes of 2 major hospitals, Baptist Health Paducah and Lourdes Hospital.
Executive Summary
We are pleased to exclusively offer for sale the 11,500 SF Department of Veteran Affairs facility located at 2620 Perkins Creek Drive in Paducah, KY. The property operates as a Community-Based Outpatient Clinic (CBOC), delivering primary care, mental health services, and a variety of specialty outpatient services. The clinic is supported by seven providers across approximately 9 specialties, ensuring consistent patient demand and essential healthcare services for the surrounding community, providing for a strong and stable investment opportunity.
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
11,500 SF
Building Class
B
Year Built/Renovated
2007/2017
Price
$2,300,000
Price Per SF
$200
Cap Rate
10.28%
NOI
$236,432
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,500 SF
Building FAR
0.21
Lot Size
1.23 AC
Zoning
Commercial - Commercial
Parking
64 Spaces (5.57 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Wheelchair Accessible
- Central Heating
- Drop Ceiling
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Department of Veteran Affairs
- Health Care and Social Assistance
- 11,500 SF
- $20.56
- Modified Gross
- Jan 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Department of Veteran Affairs | Health Care and Social Assistance | 11,500 SF | $20.56 | Modified Gross | Jan 2028 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 086-20-00-022.08 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,925,000 |
Property Taxes
Parcel Number
086-20-00-022.08
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,925,000
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Department of Veteran Affairs | 2620 Perkins Creek Dr
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