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.