Durham Veterans Administration Outpatient Clinic
StackSource recently sourced an acquisition loan for this single tenant net leased property located in Durham, NC. The 26,871 square foot property is 100% occupied by the United States Department of Veteran Affairs. It sits within immediate proximity to the Durham VA Medical Center, Duke University Hospital and Duke Regional Hospital. Durham is located within the “Research Triangle” comprised of Duke University, UNC at Chapel Hill and North Carolina State University. Capital Advisor, Andrew Bouton, worked with a Pennsylvania based bank to secure a non-recourse, 65% LTV product. The loan came with a 2.73% fixed rate for 5 years based on a 25-year amortization schedule.