- Details
- Investment Highlights
- Description
Tenant
Bureau of Land Management
Location
Monte Vista, Colorado
Price
Unstated
CAP Rate
Unstated
NOI
Unstated
Lease Term
10.25 Years Remaining
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 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; the current lease is based on square footage of only 10,006, which provides future potential to increase the size of the leased premises and associated rental revenue