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.