The U.S. Geological Survey (USGS) Kansas Headquarters and Water Science Center in Lawrence, Kansas is a 16,000 square foot, single-tenant facility that is 100% leased to the U.S. Federal Government, constructed in 2018 according to strict federal standards and tenant-specific requirements.
This facility serves as the Kansas headquarters for USGS, housing the Water Science Center, Organic Geochemistry Research Laboratory, and Lawrence Field Office, which oversees two additional field offices in Kansas. This USGS headquarters facility is mission critical to the tenant, housing all major operations for USGS within the state of Kansas.
USGS occupies this facility via a new 15-year firm lease term with the U.S. General Services Administration (GSA), with no termination rights, plus a 5-year option to renew. The lease benefits from a rare federal structure, with tenant responsible for direct payment of electricity and gas, thereby eliminating a primary area of landlord expense exposure. The lease is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investors Service. 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 that typically exceeds 95%.
Lawrence is the 6th largest city in the state of Kansas with a population exceeding 95,000, and is home to famous University of Kansas. The subject property benefits from a central location in Lawrence, three miles from the University and in immediate proximity to numerous financial institutions and the Jayhawk Club, one of the top golf and country clubs in Kansas.