Medical Clinic Leased by
For Sale
Contact for pricing
101 IRMC Drive, Indiana, PA 15701
Newly constructed medical clinic leased to U.S. Department of Veterans Affairs.
Property Size14,801 SF
Price / SF$656.24
Days on Market106
Property Features for 101 IRMC Drive
General Information
Standard status
Active
Size
14,801 SF
Class
A
Total Parking Spaces
100
Property subtype
Office
Occupancy
100%
Lease Type
Gross
Investment Type
Net Lease
Net Operating Income
$704,197
Building Details
Year Built
2025
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Newmark - Philadelphia
Listed By:
David Dolan · License #PA AB050785L
Source:
Crexi
Added: May 19
Changed: Aug 8
Last Checked: Jul 21 at 12:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark - Philadelphia
Investment Insights
Based on property information with market context.
This newly constructed, purpose-built medical outpatient clinic is leased by the U.S. Department of Veterans Affairs. The single-story, 14,801 NUSF Community-Based Outpatient Clinic was built to VA specifications. It operates under a fifteen-year lease, which includes a ten-year firm term and a five-year soft term, with the lease commencing in July 2025. The lease incorporates contractual 7.25% shell rent escalations every five years and annual 1.85% increases to operating cost reimbursements. Serving as a primary care hub for the James E. Van Zandt VA Medical Center, the facility provides comprehensive outpatient services to veterans across Indiana County and the surrounding region. These services include PACT team primary care, mental health, audiology, women's health, eye care, physical therapy, laboratory services, and telehealth capabilities.
Key Highlights
- Newly constructed (2025) purpose‑built medical outpatient clinic leased to the U.S. Department of Veterans Affairs (VA).
- Features a 15‑year lease (10‑year firm, 5‑year soft) with lease commencement in July 2025.
- Contractual 7.25% shell rent escalations every five years.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,183
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15701, PA
30,269
Population
15,695
Households
1.9
Avg Household Size
40
Median Age
41%
College-Educated
95%
High-School Grad
112.2 sq mi
ZIP Area
270
Density / Sq Mi
$56,538
Median Household Income
$30,760
Median Earnings
$799
Median Rent
$175,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Newly constructed medical clinic leased to U.S. Department of Veterans Affairs.
Where is this medical office space located?
The property is located at 101 IRMC Drive Indiana, PA.
What is the asking price?
The asking price for this property is $9,713,000.
What are key features of this property?
This property features: Newly constructed (2025) purpose‑built medical outpatient clinic leased to the U.S. Department of Veterans Affairs (VA).; Features a 15‑year lease (10‑year firm, 5‑year soft) with lease commencement in July 2025.; Contractual 7.25% shell rent escalations every five years.
