Easterly Government Properties Acquires 95,273 SF Specialized Facility in Anaheim, California
Investment Details |
|
Underlying Credit |
|
Wtd. Avg. Lease Term (WALT) / Wtd. Avg. Expiration Date(1) |
10.7 years /
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Construction / Renovation Date |
1991 / 2020 |
Primary Tenant(s) |
-
- |
Other Attributes |
- A public facing facility with court hearing rooms used for adjudicating workers’ compensation claims, as well as training rooms for furthering employment opportunities
- Facility occupied by - Demonstrated need of space with lease renewal exercised post-pandemic and expanded tenancy within the facility |
(1) Assumes executed renewal lease for 25,085 leased square feet commences on |
Year to date, Easterly has acquired, either directly or through the Company’s joint venture (JV), two properties for an aggregate pro rata contractual purchase price of approximately
About
This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as “believe,” “expect,” “intend,” “project,” “anticipate,” “position,” and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to, those risks and uncertainties associated with our business described from time to time in our filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20231005287792/en/
Supervisory Vice President, Investor Relations & Operations
202-596-3947
ir@easterlyreit.com
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