GSA OFFICE CAMPUS

Tenant

Federal Government (GSA)

Location

Boise, ID

Price

Unstated

CAP Rate

Unstated

Lease Term

Unstated

Occupancy

100%

Building Size

180,952 SQ FT

Property Type

Office

Year Built

1996 & 2002

Lot Size

10.66 Acres

Status

Sold

ALL CASH TRANSACTION

COMPETITIVE BID ENVIRONMENT
With multiple offers

TWO SINGLE-TENANT FACILITIES
100% Leased to the Federal Government (GSA)

LONG-TERM LEASES IN PLACE

PROPERTIES HOUSE KEY FEDERAL DEPARTMENTS AND AGENCIES

GRE Group conducted a national marketing campaign for this three-building campus, which houses Homeland Security, Social Security, Forest Service, Bureau of Land Management, and other agencies. Multiple offers were procured from both private and institutional buyers, with a best and final selection process that yielded record value for these assets in an all-cash transaction. This sale was particularly notable due to the large transaction size in a small market area, and aggressive pricing which set a benchmark for comparable assets.