U.S. ARMY CORPS OF ENGINEERS

Tenant

U.S. Army Corps of Engineers

Location

Vicksburg, MS

Price

Unstated

CAP Rate

Unstated

Lease Term

Unstated

Occupancy

100%

Building Size

199,257 SQ FT

Property Type

Office

Year Built

1996

Lot Size

17.17 Acres

Status

Sold

HIGHLY COMPETITIVE OFFER PROCESS
Generated multiple offers and conducted best/final offer round

ACHIEVED AGGRESSIVE PRICING
Sold to institutional investor

SINGLE-TENANT FEDERAL GOVERNMENT OFFICE
100% leased to the U.S. Federal Government

Aaa CREDIT TENANCY
Lease guaranteed by United States of America

MISSION-CRITICAL FACILITY
Responsible for 68,000 square miles encompassing seven major river basins in th ree states

NEW LONG-TERM LEASE
Long-term location for U.S. Army Corps with ongoing commitment demonstrated via recent lease renewal

Approximately one year before the disposition assignment, GRE Group collaborated with the ownership of the USACE District Office in Vicksburg during the lease renewal process to position the property for maximum value at the time of sale. Following renewal, a comprehensive marketing campaign was conducted, creating a competitive bidding environment with a best and final offer round that pushed pricing above internal benchmarks and exceeded seller expectations.