U.S. DEPARTMENT OF TREASURY

Tenant

Bureau of Public Debt

Location

Parkersburg, WV

Price

Unstated

CAP Rate

Unstated

Lease Term

3.2 Years Remaining

Occupancy

100%

Building Size

182,500 SQ FT

Property Type

Office

Year Built

2006

Lot Size

6.1 Acres

Status

Sold

COMMITTED TENANT
BPD has been headquartered in Parkersburg since 1957 and has invested heavily in training local workforce in skills that are unique to the BPD mission.

ESSENTIAL FACILITY
Build-to-suit headquarters for BPD with an competitive advantage in the market area with no alternative existing buildings which could accommodate the space requirements.

RARE LEASE STRUCTURE
Rare GSA lease structure with tenant responsibility for all utilities and janitorial services, reducing landlord operating cost exposure.

BUILD-TO-SUIT CONSTRUCTION
Built to accommodate the specific requirements of BPD, constructed according to strict federal standards.

The Bureau of Public Debt facility in Parkersburg, West Virginia is a single-tenant facility totaling 182,500 square feet, constructed in 2004 and 2006. Leased through 2021, the tenant has an exceptionally high renewal probability, with a long-term commitment to this asset and the market location.