General Services Administration (GSA)
Oklahoma City, OK
Unstated
Unstated
14 Years Remaining
100%
16,991 SQ FT
Office
2018
1.43 Acres
Sold
SINGLE-TENANT FEDERAL GOVERNMENT FACILITY
100% leased to the U.S. Federal Government – Moody’s Aaa credit rating
NEW 15-YEAR LEASE TERM
Leased by GSA for new 15-year term, commencing in 2018
HIGH-SECURITY, SPECIALIZED FACILITY FOR HOMELAND SECURITY
Highly secure U.S. Dept. of Homeland Security facility with specialized features including sallyport and detention area, with over $2.4 million invested in Tenant Improvements, renovated-to-suit for DHS in 2018
OKLAHOMA CITY – 41ST LARGEST MSA IN UNITED STATES
Located in Oklahoma City, the 41st largest metro area in the United States with nearly 1.4 million residents
U.S. Federal Government facility in Oklahoma City is a single-tenant, 16,991 square foot building that was comprehensively redeveloped with completion in December 2018.
This facility is leased via a new 15-year term with the General Services Administration (GSA), and is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investors Service. 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 nationwide reflects a retention rate which typically exceeds 95%.
The subject property benefits from a central location in Oklahoma City, strategically located within the same block as the U.S. Customs and Border Protection facility, and a short distance from downtown Oklahoma City and the Will Rogers World Airport. Oklahoma City is the 41st-largest metro area in the United States, with a population of nearly 1.4 million residents.
