U.S. Forest Service
Salida, CO
Unstated
Unstated
14.5 Years Remaining
100%
16,021 SQ FT
Office
2013
6.87 Acres
Sold
LONG TERM, STABLE CASH FLOW
Property is leased on a long-term basis, providing the owner with secure and consistent cash flows
Aaa CREDIT TENANCY
Lease is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investors Service
COMMITTED TENANT
USFS occupies the facility through an original 20 year lease with 14.5 years remaining
BUILD-TO-SUIT CONSTRUCTION
Property was built-to-suit for the USFS in 2013
MISSION CRITICAL USE
This USFS Ranger District Office oversees on-the-ground activities for over 440,000 acres within the 1.106 million acre Pike and San Isabel National Forests
KEY FEDERAL LAND MANAGEMENT AGENCY
The USFS is responsible for the administration and conservation of federal land throughout the United States
The Salida Ranger District Office is a build-to-suit facility located in central Colorado and designated for use by the United States Forest Service.
The property consists of a 16,021 square foot office and warehouse located on a 6.87 acre parcel, leased to the United States Department of Agriculture on an original 20 year lease with approximately 14.5 years remaining. This length of lease is the longest available 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%.
