USFS RANGER DISTRICT OFFICE

Tenant

U.S. Forest Service

Location

Sierra Vista, AZ

Price

Unstated

CAP Rate

Unstated

Lease Term

15 Years Remaining (12 Firm)

Occupancy

100%

Building Size

16,423 SQ FT

Property Type

Office

Year Built

2012

Lot Size

Unstated

Status

Sold

ALL CASH TRANSACTION

GENERATED MULTIPLE OFFERS

Aaa CREDIT TENANCY
100% leased to U.S. Federal Government

FIRM LEASE TERM
Original 15-year firm lease term with no termination rights

USFS DISTRICT OFFICE
Oversees on-the-ground activities for 1.78 million acre Coronado National Forest and Miller Peak Wilderness area

SPECIALIZED FACILITY
With main office, free-standing fire station/warehouse building, and 40,000 gallon water storage tank

2012 BUILD-TO-SUIT CONSTRUCTION

The Sierra Vista Ranger District Office is a newly constructed build-to-suit facility for the United States Forest Service in Southeast Arizona. The offering consists of an 8,580 square foot office and 7,843 square foot warehouse (16,423 RSF total) on a 3.5 acre parcel leased to the United States Department of Agriculture through an original 15 year firm lease with 12 firm years remaining. 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%