9.5 Years (4.5 Firm)
46,044 SQ FT
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
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
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.