Veteran Affairs Clinic

Description:

PROPERTY HIGHLIGHTS
● Long-Term Federal Tenancy: The U.S. Department of Veterans Affairs occupies approximately 75% of the rentable square footage under a recently executed 4-year lease, extending through 2029, providing secure and stable cash flow backed by a federal government agency.
● Value-Add Opportunity: Approximately 3,500 square feet of currently unleased space presents a near-term upside for investors through lease-up, enhancing overall occupancy and cash flow.
● Attractive Basis: The asset is offered at $211 per square foot—an exceptional basis for a near-stabilized medical office property in a high-demand submarket near Lake Tahoe.
● Established Medical Office Hub: Situated within a dense healthcare corridor, the property benefits from adjacency to over a dozen medical office users, as well as strong regional retailers including Chick-fil-A, Target, and Home Depot directly across the street, supporting both tenant demand and patient traffic.

LOCATION ADVANTAGES
● Part of the broader Sacramento–Roseville–Folsom metropolitan area, offering connectivity to a regional economy of nearly 2 million jobs within commuting distance.
● Interstate 80 traverses the city with multiple exits (118–120), ensuring direct freeway access to Sacramento to the west and Reno/Lake Tahoe to the east.
● Served by Capitol Corridor Amtrak rail, supporting transit access for commuters and business travel.
● Auburn Municipal Airport, located ~3 miles north, offers general aviation services and an 80-acre industrial park, enhancing light logistics and aviation-linked commercial uses.
● Local transit includes Placer County Transit, with Route 10 linking to Sacramento light rail and commuter express service to Roseville and Sacramento employment centers.

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