USFS OFFICE CAMPUS

Tenant

U.S. Forest Service

Location

Albuquerque, NM

Price

Unstated

CAP Rate

Unstated

Lease Term

Unstated

Occupancy

100%

Building Size

191,175 SQ FT

Property Type

Office

Year Built

2006 & 2011

Lot Size

10.05 Acres

Status

Sold

PROPERTY SOLD AT 99% OF LIST PRICE

GENERATED MULTIPLE COMPETING OFFERS DURING 14 DAYS OF MARKETING

CLOSED AT 12% HIGHER PRICE THAN PRIOR OFFERS MADE TO SELLER

LARGEST OFFICE BUILDING SALE IN THE STATE OF NEW MEXICO

TWO BUILDING OFFICE CAMPUS FOR USFS

SINGLE-TENANT ASSETS WITH LONG-TERM FEDERAL GOVERNMENT LEASES

LEED GOLD DESIGNED FACILITY

When GRE Group was awarded the listing for the US Forest Service office campus, the seller had previously received two direct offers at $46 million. During a 14-day marketing period, GRE Group generated multiple offers and created a highly competitive bidding environment. The property closed at $51.5 million, which exceeded 99% of the list price and resulted in a 12% premium for the seller compared to prior offers.