- Details
- Investment Highlights
- Description
Tenant
Bureau of Land Management & U.S. Forest Service
Location
Lakeview, Oregon
Price
Unstated
CAP Rate
Unstated
NOI
Unstated
Lease Term
20 Years | 10 Firm
Occupancy
100%
Building Size
43,390 SQ FT
Property Type
Industrial
Year Built
1997 | 2025
Lot Size
11.59
Status
Available
Property Contacts:
U.S. FEDERAL GOVERNMENT CREDIT
Single-tenant facility leased to the U.S. Federal Government, guaranteed by the full faith and credit of the United States of America, providing exceptional income durability and credit quality
NEW 20-YEAR LEASE RENEWAL
New lease for a 20-year term commenced in October 2025 with U.S. General Services Administration; 20-year lease term is the maximum allowable length per federal contracting regulations, demonstrating significant tenant commitment to the property
BUILD-TO-SUIT FACILITY / EXTENSIVE 2025 RENOVATION
Build-to-suit construction in 1997, housing operations for the Bureau of Land Management (BLM) and U.S. Forest Service (USFS) with specialized components including an Interagency Office Building, BLM Warehouse Building, and Wareyard; extensive renovations to the property were completed in 2025 with over $1.63 million in new Tenant Improvements and approximately $964,000 in base building improvements, with upgrades to HVAC, Fire Sprinkler and Alarm, Parking Lot, Restrooms, Ceiling, Landscaping, Lighting, and a new roof in 2020
ESSENTIAL BLM & USFS OPERATIONS
The Lakeview Interagency Office includes the Lakeview District and Field Office for Bureau of Land Management and the US Forest Service Headquarters/Supervisor’s Office for the Fremont-Winema National Forest; the BLM Lakeview District is responsible for approximately 3.5 million acres of public land in Lake, Klamath, and Harney counties, including 51,000 acre Warner Wetlands and 3,200 acre Wood River Wetlands, and responsibility for oversight of the Klamath Falls Field Office; the USFS Headquarters Office oversees the Freemont National Forest, consisting of over 1 million acres, and the Winema National Forest, containing over 1.1 million acres, and supervises Ranger Stations in Bly, Chemult, Chiloquin, Klamath, Lakeview, Paisley, and Silver Lake, as well as Interagency Fire Centers in Klamath Falls and Lakeview
EXCESS LAND – 5.69 ACRES
The offering includes an adjacent 5.69 acre parcel of land which could accommodate potential future expansion needs of the tenant
