BLM FIELD OFFICE

Tenant

Bureau of Land Management

Location

Twin Falls, ID

Price

Unstated

CAP Rate

Unstated

Lease Term

18.5 Years Remaining

Occupancy

100%

Building Size

22,500 SQ FT

Property Type

Office

Year Built

2015

Lot Size

3.51 Acres

Status

Sold

ACHIEVED AGGRESSIVE PRICING
Lowest cap rate for BLM outside of California

PROCURED PRIVATE 1031 EXCHANGE BUYER

LONG-TERM LEASE
New 20-year firm lease term

NEW CONSTRUCTION
2015 build-to-suit facility

MISSION-CRITICAL FACILITY
Consolidation of three local BLM offices to one facility housing District Office, Field Office, and Fire & Aviation

EXTENSIVE TENANT IMPROVEMENTS
Tenant improvement costs exceed $2.375 million

The Bureau of Land Management (BLM) Twin Falls District Office is a 100% occupied, single-tenant facility located in Twin Falls, Idaho, which is situated in the southern portion of the state near the border of Nevada and Utah. The facility consists of 22,500 rentable square feet plus over 70,000 usable square feet of wareyard. BLM has invested heavily in this facility, with over $2.375 million in tenant improvement costs.