USFS DISTRICT OFFICE

Tenant

U.S. Forest Service

Location

Greybull, WY

Price

Unstated

CAP Rate

Unstated

Lease Term

15 Years

Occupancy

100%

Building Size

8,686 SQ FT

Property Type

Office

Year Built

2015

Lot Size

3 Acres

Status

Sold

ACHIEVED AGGRESSIVE PRICING

PROCURED PRIVATE 1031 EXCHANGE BUYER

ALL CASH TRANSACTION

SINGLE-TENANT FACILITY
Leased to the U.S. Federal Government

Aaa CREDIT TENANCY (MOODY’S)

NEW 15-YEAR FIRM LEASE

2015 BUILD-TO-SUIT CONSTRUCTION

MISSION-CRITICAL USE
USFS District Office oversees the 1.12 million-acre Bighorn National Forest

The US Forest Service Medicine Wheel/Paintrock Ranger District Office (USFS District Office) is a new build-to-suit facility for the Federal Government in Greybull, Wyoming. The offering consists of an 8,686 square foot, free-standing, single-tenant office building leased to the United States Department of Agriculture via a new 15-year firm lease term, scheduled for completion and rent commencement in June 2015. This length of lease is one of the longest available terms for any government facility, providing a secure, long-term income stream. The lease is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investor Services. The Federal Government has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry, with historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflecting a retention rate that typically exceeds 95%.