The U.S. Department of Veterans Affairs has put its office building in Lakewood, Colorado, up for sale with an asking price of $12,383,663. The property, located at 7350 W Eastman Pl, spans over 26,430 square feet and is designated as a medical office.
This building is fully leased to the Department of Veterans Affairs under a 20-year contract that begins on March 31, 2026, and expires on March 30, 2046. It features a cap rate of 6.75% and is currently 100% occupied, generating a net operating income of $835,897.
The facility, built in 1988 and renovated in 2013, serves as a support center for homeless veterans, offering 40 beds across 37 rooms. It is rated as a high complexity facility, indicating it caters to high-volume and high-risk patients. Services provided include access to social workers, mental health experts, and various therapies.
The property, situated on a 1.3-acre lot, includes 90 parking spaces, making it well-equipped to serve its purpose in assisting veterans with vital skills for independent living.
Source: Property Listing