U.S. DISTRICT COURTHOUSE

Tenant

Southern District of Iowa

Location

Council Bluffs, IA

Price

Unstated

CAP Rate

Unstated

Lease Term

20 Years

Occupancy

100%

Building Size

28,900 SQ FT

Property Type

Office

Year Built

2021

Lot Size

5.49 Acres

Status

Sold

U.S. 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

NEW 20-YEAR, FIRST GENERATION FEDERAL LEASE
New, first-generation lease with the U.S. Federal Government for new 20-year term, with two 5-year renewal options

2021 BUILD-TO-SUIT CONSTRUCTION
Rare offering of a new construction, build-to-suit Federal Courthouse facility, with completion and lease commencement occurring in December 2021

HIGHLY SPECIALIZED IMPROVEMENTS
Highly specialized tenant improvements developed according to the specific requirements of the U.S. Courts, meeting strict federal standards with Tenant Improvements and Building Specific Capital exceeding $8.2 million

REPLACEMENT OF EXISTING COURTHOUSE
Highly specialized tenant improvements developed according to the specific requirements of the U.S. Courts, meeting strict federal standards with Tenant Improvements and Building Specific Capital exceeding $8.2 million

The United States District Court for the Iowa was established on March 3, 1845. On July 20th, 1882, the jurisdiction was divided into two districts, the Southern and Northern Districts. The Southern District of Iowa is comprised of 47 counties and has three court divisions. The Courthouse for the Western Division is location in Coucil Bluffs, the Central Division in Des Moines, and the Eastern Division in Davenport.

The U.S. Courts were created under Article III of the Constitution to administer justice fairly and impartially, within the jurisdiction established by the Constitution and Congress. This section will help you learn more about the Judicial Branch and its work.

Federal courts hear cases involving the constitutionality of a law, cases involving the laws and treaties of the U.S. ambassadors and public ministers, disputes between two or more states, admiralty law, also known as maritime law, and bankruptcy cases.

The federal judiciary operates separately from the executive and legislative branches, but often works with them as the Constitution requires. Federal laws are passed by Congress and signed by the President. The judicial branch decides the constitutionality of federal laws and resolves other disputes about federal laws. However, judges depend on our government’s executive branch to enforce court decisions.

Courts decide what really happened and what should be done about it. They decide whether a person committed a crime and what the punishment should be. They also provide a peaceful way to decide private disputes that people can’t resolve themselves. Depending on the dispute or crime, some cases end up in the federal courts and some end up in state courts. Learn more about the different types of federal courts.

Federal courts have jurisdiction over cases involving: the United States government, the Constitution or federal laws, or controversies between states or between the U.S. government and foreign governments.