CSRA MOB Portfolio II, DST
Stabilized Long-Term Cash Flow – The property is 100% leased to Virginia Women’s Center, Inc. through 2027, with three 5-year options and 2% yearly increases.
The property is strategically located near Interstate 295 within 1-mile of Richmond’s Memorial Regional Medical Center, an award-winning hospital servicing residents of Richmond, Hanover and Henrico counties, and Virginia’s Northern Neck. Established Tenancy Virginia Women’s Center is the largest women’s healthcare private practice in central Virginia, with 33 physicians and 8 mid-level providers at seven clinical sites.
Consider the Risks. An investment in the Interests involves substantial investment and tax risks, including, without limitation, the following risks:
- There are various risks associated with owning, financing, operating, and leasing commercial properties in Virginia and Wisconsin.
- The Interests do not represent a diversified investment.
- Beneficial Owners must completely rely on the Property Manager to collect the rent and operate, manage, lease, and maintain the Property.
- The Beneficial Owners have no voting rights with respect to the management or operations of the Trust or in connection with the sale of the property.
- There are various conflicts of interest among the Trust, the Sponsor, the Signatory Trustee, and their Affiliates.
- The Interests are illiquid.
- There are tax risks associated with an investment in the Interests.
- There are risks related to competition from properties similar to and near the property.
- There may be environmental risks related to the property.
This two-building healthcare-related portfolio consists of a medical office building constructed in 2013 for Virginia Women’s Center in Mechanicsville, a Richmond, Virginia suburb, and the corporate headquarters of API Healthcare (an affiliate of GE Healthcare) in Hartford, Wisconsin. The buildings are 100% net-leased on a long-term basis to VWC and API, which are in the healthcare industry.