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Apologies, this asset is no longer on the market. Please contact us to discuss available opportunities

Brian Saal and Bill Prutting
JLL Capital Markets

December 22, 2016

JLL is pleased to present the investment opportunity to acquire the Loma Linda Ambulatory Care Center, a newly constructed mission critical asset for the Department of Veterans Affairs in Loma Linda, California. The U.S. Government lease is for 20 years of firm term.

Unrivaled location:

  • Immediate proximity to the City of Los Angeles, California, the second largest city in the United States with a population of nearly four million people
  • California has the largest veteran population in the United States
  • Immediate Loma Linda economy is based on Healthcare and Education
  • Close proximity to established Government enclave and 800,000-square-foot VA Hospital

Property economics:

  • 20-year firm term lease – structured as net of utilities and janitorial costs allowing for minimal management
  • Robust rental rates with a significant increase by year four
  • Investors will not incur capital expenditures, allowing for no development and carry-over risk
  • Pre-set real estate tax base and a six-month operational expense history

Superior asset:

  • Newly constructed by Walsh Group (Chicago) – a national leader in government asset development
  • LEED Silver 327,614-square-foot property with four wings and future proof design
  • >2,000 parking spaces for a robust ratio of 6.1 spaces per 1,000 square feet
  • Expansion potential on neighboring 43-acre site

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