The Bureau of Land Management National Training Center (BLM NTC) is a mission-critical, three building, 72,454 square foot facility in Phoenix, Arizona. This location serves an essential purpose for BLM, providing training for BLM workers throughout the United States, as well as offering training that is available for other government agencies. BLM NTC is leased to the U.S. Federal Government on a long-term basis via the General Services Administration (GSA). GSA recently renewed the lease for a term of 5 years (3 years firm) commencing in August of 2014. The lease is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investor Services. The GSA 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 GSA regarding their portfolio of over 8,000 leases nation-wide reflects a retention rate which typically exceeds 95%. BLM NTC is centrally located in Phoenix, which is the 6th largest city in the United States. Situated within the Metrocenter Submarket, this site provides excellent access to major freeways and local amenities. The improvements feature an attractive red brick design and construction, as well as a high security environment that is required by the tenant.