U.S. Courthouse

Tenant

U.S. Courts

Location

Springfield, Missouri

Price

Unstated

CAP Rate

Unstated

Lease Term

9.5 Years (4.5 Firm)

Occupancy

100%

Building Size

46,044 SQ FT

Property Type

Unstated

Year Built

1988

Lot Size

Unstated

Status

Sold

Property Contacts:

Travis Trautvetter

Vice Chairman

858 367 5105 | Email

Jake Trautvetter

Capital Markets

858 558 5624 | Email

Kari Fiske

Brokerage Coordinator

858 334 4032 | Email

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

RARE COURTHOUSE OFFERING
Exceptionally rare opportunity to acquire a federal courthouse, one of the most specialized types of facilities within the government’s leased portfolio

LONG-TERM LEASE
9.5 years remaining on lease term (4.5 years firm) with ongoing tenant commitment demonstrated via lease renewal in 2015

ESSENTIAL U.S. COURTS FACILITY
Mission-critical U.S. Courts building, housing the Southern Division of the Western District of Missouri

BUILD-TO-SUIT CONSTRUCTION
Built-to-suit for the tenant in 1988, with extensive renovations in 2018, including $1.15 million in new tenant improvements and building security

The United States Courthouse Southern Division of the Western District of Missouri is a single-tenant, 46,044 square foot facility located in downtown Springfield which is 100% leased to the U.S. Federal Government.

This U.S. Courthouse houses the U.S. District Court and U.S. Probation & Pretrial Services Office, with jurisdiction over 16 counties in Missouri, encompassing Cedar, Christian, Dade, Dallas, Douglas, Greene, Howell, Laclede, Oregon, Ozark, Polk, Pulaski, Taney, Texas, Webster, and Wright counties.

This offering presents a rare opportunity to acquire a U.S. Courthouse, which are highly sought-after due to the highly specialized nature of the improvements and exceptionally expensive replacement costs, resulting in one of the longest expected occupancy periods of any government tenant. This facility was built-to-suit for U.S. Courts in 1988, and underwent extensive renovations in 2018 with approximately $1.15 million in new tenant improvements and building security.