12,825 SQ FT
U.S. Forest Service
1971/1981 | Renovated 2000 & 2010
7.75 Years Remaining
This USFS Ranger District Office oversees on-the-ground activities for the 1.7+ million acre Klamath National Forest, which was established in 1905 as a Forest Reserve
SINGLE-TENANT PROPERTY WITH Aaa CREDIT
The subject property is 100% leased to the U.S. Federal Government, which has an Aaa credit rating from Moody’s Investor Services
Facility was built-to-suit for the U.S. Forest Service
Firm lease with no termination rights
RARE GOVERNMENT REAL ESTATE OPPORTUNITY IN CALIFORNIA
Rare opportunity to acquire a government-leased asset located in California
MAJOR CAPITAL IMPROVEMENTS
Extensive renovation of existing facility in 2010 according to strict federal specifications to suit the needs of the U.S. Forest Service
The U.S. Forest Service Salmon/Scott River Ranger District Office is a single-tenant, 12,825 square foot facility located in Fort Jones, California, leased on a long-term basis by the U.S. Federal Government.
The facility was built-to-suit for the USFS according to the strict specifications and standards of the USDA. This location serves as a base for Forest Service employees and fire crews responsible for activity in the Klamath National Forest, which encompasses over 1.7 million acres of the Klamath Mountain range in northern California and includes five designated wilderness areas, 15 geologic areas, and over 100 miles of the Klamath River, which is part of the National Wild and Scenic Rivers System. The property occupies 2.6 acres of land adjacent to CA State Route 3, a designated scenic highway for its entire length.
There are three Ranger District Offices under the administration of the Forest Supervisor’s Office in Yreka, CA. The Goosenest Ranger District is situated to the east of the forest, the Happy Camp/Oak Knoll Ranger District is located to the northwest, and the Salmon/Scott River Ranger District provides central access to the forest.
The property underwent major renovation in 2000 and 2010, including the 2010 installation of a new 9-zone HVAC system; asphalt parking excavation and replacement including sidewalks and curbs; installation of a new phone and data system; expansion of interior corridors and rooms; replacement of interior doors, floor coverings, and tile ceilings; and installation of new public address and security systems, demonstrating the tenant’s long-term commitment to this location.
The property is leased on a long-term basis, with approximately 7.75 years remaining on a 15-year firm term. The lease is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investor Services. The Federal Government has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry. Historical data published by the government regarding their portfolio of over 8,000 leases nationwide reflects a retention rate that typically exceeds 95%.