- Details
- Investment Highlights
- Description
Tenant
U.S. Department of the Interior
Location
Billings, MT
Price
Unstated
CAP Rate
Unstated
Lease Term
12.5 Years Remaining
Occupancy
100%
Building Size
149,110 SQ FT
Property Type
Office
Year Built
2013
Lot Size
4.6 Acres
Status
Sold
Property Contacts:
FEDERAL GOVERNMENT CREDIT
Lease guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating and unrivaled income security
LONG-TERM, FIRST-GENERATION LEASE
First-generation, 20-year firm lease term with U.S. General Services Administration, with 12.5 years remaining
2013 BUILD-TO-SUIT CONSTRUCTION
New build-to-suit construction completed in 2013, developed according to the specific requirements of the U.S. Department of the Interior and according to strict federal standards
KEY REGIONAL FACILITY FOR U.S. DEPARTMENT OF THE INTERIOR
Houses approximately 400 Department of Interior employees and key DOI functions including the Rocky Mountain Regional Office for Bureau of Indian Affairs, one of only twelve regional offices for BIA nationally, Office of Special Trustees for American Indians, Bureau of Reclamation, and Office of the Field Solicitor
GSA DESIGN EXCELLENCE PROGRAM + LEED GOLD
Lease procurement included GSA Design Excellence Program requirement, with a focus on excellence in architecture, engineering, and construction, and project achieved LEED Gold designation through a sustainable, efficient design / build
The U.S. Department of the Interior (DOI) Regional Office in Billings, Montana is comprised of two facilities leased under one single-tenant, long-term, first-generation, non-cancellable lease with the U.S. Federal Government. The premises consist of a 119,510 square foot, five-story office building located in downtown Billings, and a 30,456 square foot warehouse facility with secure wareyard that is located approximately 2.5 miles to the south.