U.S. General Services Administration
Helena, MT
Unstated
Unstated
12.5 Years Remaining
38.89%
9,246 SQ FT
Office
Unstated
Unstated
Sold
FEDERAL GOVERNMENT AND GLOBAL CORPORATE CREDIT
Leases guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security, and Northrop Grumman, a company
with over $30 billion in annual revenue and a BBB credit rating
NEW 15-YEAR FEDERAL LEASE
First-generation U.S. General Services Administration lease for 15-year term commencing in 2018
USCIS MONTANA HEADQUARTERS
The Helena Field Office is the only USCIS Field Office in the state of Montana, serving an area of approximately 147,000 square miles
2018 FINISH-TO-SUIT CONSTRUCTION
Finish-to-suit construction in 2018, redeveloped according to the specific requirements of USCIS
SIGNIFICANT TENANT INVESTMENT
USCIS Tenant Improvements exceeded $2.3 million at this facility, including more than $1.4 million paid in lump sum, demonstrating significant tenant investment
VACANCY UPSIDE
9,349 square feet of vacant space within building, providing the opportunity to create value through additional leasing
SUSTAINABLE BUILDING
Designed and constructed to achieve LEED-CI Silver certification from U.S. Green Building Counsel
The U.S. Citizenship and Immigration Services (USCIS) Field Office in Helena, Montana is a 32,519 square foot facility serving an essential purpose in the administration of the nation’s lawful immigration system within the Department of Homeland Security. The Helena Field Office is the only USCIS Field Office in the state of Montana, serving an area of approximately 147,000 square miles. Featuring finish-to-suit construction completed in 2018, tenant improvements in this location exceeded $2.3 million, including over $1.4 million paid in lump sum by the tenant, demonstrating significant investment and commitment to this site.
The Helena USCIS Field Office occupies 12,775 rentable square feet within this facility via an original 15-year lease term with ten years firm, with commencement in 2018. The lease is guaranteed by the full faith and credit of the United States of America, which has a credit rating of Aaa from Moody’s Investor Services and offers unrivaled income security. 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%.
In addition to USCIS, Northrop Grumman (NYSE: NOC) leases 9,246 rentable square feet, with a long-term occupancy in this facility dating back to January 2014. Northrop Grumman operates in an array of sectors, including the innovation of manned and unmanned aeronautic systems; defense systems; mission systems for defense and intelligence applications; and space systems, leading in the production and operation of space, launch, and missile systems developed for national security, civil and commercial customers. The company employs over 90,000 people worldwide, with annual revenue exceeding $30 billion.
The Helena USCIS Field Office is responsible for providing interviews for all non-asylum immigration cases, naturalization ceremonies, and additional case-specific information and applicant services in support of the agency’s mission. On average, every day the 88 domestic USCIS field offices combine to interview 7,000 people, serve 1,430 people at informational appointments, and provide naturalization ceremonies for 3,195 new citizens, about 15 of whom are members of the U.S. armed forces.
The subject building is LEED-CI Silver Certified and is situated on a 2.35-acre parcel providing excellent access to the surrounding area, located approximately one mile from Interstate 15 and less than three miles from Helena Regional Airport, downtown Helena and Montana State Capitol. There are 9,349 square feet of vacant space within building, providing the opportunity to create value through additional leasing.
