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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

http://www.us.jll.com/united-states/en-us/news/4567/jll-completes-sale-of-veteras-affairs-ambulatory-care-center

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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