BLM Field Office

Tenant

Bureau of Land Management

Location

Monte Vista, Colorado

Price

Unstated

CAP Rate

Unstated

NOI

Unstated

Lease Term

11 Years Remaining

Occupancy

100%

Building Size

14,000 SQ FT

Property Type

Office

Year Built

2015

Lot Size

4.0 Acres

Status

Avaliable

Property Contacts:

Travis Trautvetter

Managing Partner | Capital Markets

858 367 5105 | Email

Jake Trautvetter

Managing Partner | Capital Markets

858 367 5102 | Email

Kari Fiske

Director | Operations

858 367 5450 | Email

Isabel Musgrove

Director | Marketing

858 367 0929 | Email

SINGLE-TENANT, U.S. FEDERAL GOVERNMENT CREDIT
Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security

RARE 20-YEAR FIRM LEASE – 11 YEARS REMAINING
First-generation lease with U.S. Federal Government for new 20-year firm lease term, commencing in February 2015, featuring a rare government lease structure with no termination rights

2015 CONSTRUCTION / RELOCATION FOR BUREAU OF LAND MANAGEMENT
Comprehensive, finish-to-suit redevelopment for Bureau of Land Management in 2015, relocating the San Luis Valley Field Office and providing a long-term facility built according to tenant-specific requirements; renovations to this building included new insulated stucco-finish panels on the exterior, high- efficiency windows and entrance vestibules, new HVAC and electric systems, new gas service and city water and sewer lines, new poured concrete for all ware yard and parking areas, and a new roof with a 30-year warranty

SPECIALIZED FACILITY
Unique tenant needs and associated facility components include both office and warehouse space, an expansive ware yard which can accommodate wide vehicular access and turnaround capability, with improvements situated on an oversized 4-acre parcel, collectively creating significant barriers to replacement of the premises and a captive tenant scenario

ESSENTIAL SERVICES – MANAGEMENT OF 500,000 ACRES OF PUBLIC LAND
San Luis Valley Field Office manages over 500,000 acres of public land in Colorado’s Rio Grande Basin; includes eight areas of environmental concern, four special recreation management areas, and over 400 miles of designated routes

LEASE EXPANSION POTENTIAL
Bureau of Land Management occupies 100% of the 14,000 square foot facility; with a square footage of 10,006 square feet within the lease, there is future upside potential to increase the leased square footage and associated rental revenue