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3420 Veterans Cir - GSA - Veterans Affairs 36,112 SF Health Care Building Offered at $3,382,000 at a 14% Cap Rate in Beaumont, TX 77707
EXECUTIVE SUMMARY
Colliers International has been exclusively retained to market for sale the Veteran’s Affairs - Community Based Outpatient Clinic (VA - CBOC) located in Beaumont, Texas. This 33,200 square foot building offers investors the unique opportunity to acquire a best-in-class medical clinic, valued well below replacement cost, with strong in-place cash flows. In 2023 it was announced the VA had intentions of building a new facility to further accommodate the 25,000 veterans in Beaumont’s house district. That prospective lease has not currently been awarded, therefore presenting a unique covered land play opportunity. A new VA CBOC will take 3-4 years to procure, award, design and build to meet the VA’s strict security and building requirements. While no final decision has been made as to the VA’s intent to continue to lease space from the existing location, the sizable veteran population suggests that Beaumont could support two locations with specialty clinic or mental health designations.
Beaumont is a city in the U.S. state of Texas. It is the seat of government of Jefferson County, within the Beaumont–Port Arthur metropolitan statistical area, located in Southeast Texas on the Neches River about 85 miles east of Houston (city center to city center). With a population of 115,282 at the 2020 census, Beaumont is the largest incorporated municipality by population near the Louisiana border. Its metropolitan area was the 10th largest in Texas in 2020, and 130th in the United States. Beaumont is home to Lamar University, a national Carnegie doctoral research university with over 14,000 students, including undergraduates and postgraduates.
Beaumont is a city in the U.S. state of Texas. It is the seat of government of Jefferson County, within the Beaumont–Port Arthur metropolitan statistical area, located in Southeast Texas on the Neches River about 85 miles east of Houston (city center to city center). With a population of 115,282 at the 2020 census, Beaumont is the largest incorporated municipality by population near the Louisiana border. Its metropolitan area was the 10th largest in Texas in 2020, and 130th in the United States. Beaumont is home to Lamar University, a national Carnegie doctoral research university with over 14,000 students, including undergraduates and postgraduates.
PROPERTY FACTS
| Price | $3,382,000 | Lot Size | 3.41 AC |
| Price Per Bed | $25,052 | Building Size | 36,112 SF |
| Sale Type | Investment | No. Beds | 135 |
| Cap Rate | 14% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1999 |
| Property Subtype | Hospital | Parking Ratio | 6.49/1,000 SF |
| Building Class | C |
| Price | $3,382,000 |
| Price Per Bed | $25,052 |
| Sale Type | Investment |
| Cap Rate | 14% |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | C |
| Lot Size | 3.41 AC |
| Building Size | 36,112 SF |
| No. Beds | 135 |
| No. Stories | 1 |
| Year Built | 1999 |
| Parking Ratio | 6.49/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 052930-000-000400-00000 | Improvements Assessment | $3,657,765 |
| Land Assessment | $79,316 | Total Assessment | $3,737,081 |
PROPERTY TAXES
Parcel Number
052930-000-000400-00000
Land Assessment
$79,316
Improvements Assessment
$3,657,765
Total Assessment
$3,737,081
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3420 Veterans Cir - GSA - Veterans Affairs
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