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U.S. Department of Veterans Affairs Port 4 Properties Offered at $38,338,285 in Multiple Locations

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EXECUTIVE SUMMARY

Opportunity to acquire a four-property, 79,811 SF portfolio fully leased to the U.S. Department of Veterans Affairs across Tennessee, Kentucky, Maine, and Ohio. The portfolio features newly built and under construction VA outpatient clinics, each supporting essential healthcare delivery for veterans in their respective regions. After the PACT Act passed in 2022, an additional 3.5 million post 9/11 veterans are eligible for VA healthcare, which has since resulted in 1.2 million new enrollees nationwide. These facilities have been designed and are being implemented as a response to the rapid growing need for essential veterans’ services nationwide. Historically, the VA has an exceptionally strong track record as a federal tenant, with one of the highest lease renewal rates in the market. Because its facilities are specialized and mission critical, the VA typically remains in place for decades, as relocation would be costly, disruptive, and counter to its mandate of providing consistent local access to care. All leases are guaranteed by the United States of America (Aaa credit rating), offering secure, long-term tenancy.
• Millington, TN – The 37,500 SF Millington VA Outpatient Clinic is set to become the largest in the state of Tennessee and is expected to be completed in Q1 2026.
• Prestonsburg, KY – Construction for the 16,800 SF Prestonsburg VA Clinic is expected to be completed in Q1 2026.
• Rumford, ME – The 9,756 SF Rumford VA Outpatient Clinic opened in 2023.
• Ravenna, OH – The 15,755 SF Ravenna VA Outpatient Clinic is expected to be completed in Q3 2026.
Seller will consider portfolio, sub-portfolio, and/or individual asset offers.
Seller is open to retaining property management post-sale.

PROPERTY FACTS

Price $38,338,285
Price / SF $480.36 / SF
Cap Rate 7.38%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 79,811 SF
Total Land Area 16.46 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
236 N Highland Ave, Prestonsburg, KY 41653 Office 16,800 SF 2026 -
5 Railroad St, Rumford, ME 04276 Office 9,756 SF 2023 -
VA Northeast Ohio Healthcare System
3974 Loomis Pky, Ravenna, OH 44266
Health Care 15,755 SF 2026 -
4963 W Union Rd, Millington, TN 38053 Office 37,500 SF 2026 -
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  • Listing ID: 38529844

  • Date on Market: 11/21/2025

  • Last Updated:

  • Address: U.S. Department of Veterans Affairs Port, Ravenna, OH

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