- Details
- Investment Highlights
- Description
Tenant
Bureau of Land Management
Location
Confidential, United States
Price
Unstated
CAP Rate
Unstated
NOI
Unstated
Lease Term
8.5 Years Remaining (All Firm)
Occupancy
100%
Building Size
14,000 SQ FT
Property Type
Office
Year Built
2015
Lot Size
4.0 Acres
Status
Available
Property Contacts:
SINGLE-TENANT / U.S. FEDERAL GOVERNMENT
8.5 years remaining on a first-generation lease with the U.S. General Services Administration, which commenced in 2015; original 20-year firm, non-cancellable lease term, guaranteed by the full faith and credit of the United States of America, providing exceptional tenant quality and unrivaled income security
INDUSTRIAL FACILITY WITH YARD
Single-tenant industrial facility with expansive wareyard on a 4 acre parcel which is required for vehicular access and turning capability; tenant utilizes entire 14,000 square foot facility with leased premises stated at 10,006 square feet, creating potential lease upside
2015 CONSTRUCTION FOR BUREAU OF LAND MANAGEMENT
Comprehensive redevelopment-to-suit in 2015 for Bureau of Land Management; renovations 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 in 2022 with a 30-year warranty in place
ESSENTIAL LAND MANAGEMENT OPERATIONS / 500,000 ACRES OF PUBLIC LAND
Bureau of Land Management San Luis Valley Field Office 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; the subject property served as a relocation in 2018 for the existing tenant operations within this market area and provided a new, long-term location meeting the tenant’s specific and unique operational requirements
