GSA Leased Portfolio Opportunity

$16.1M

Portfolio PRICE

8.52%

CAP RATE

FIVE FEDERALLY LEASED BUILDINGS

Kidder Mathews is pleased to offer the unique opportunity to acquire a five (5) property General Services Administration (GSA) leased portfolio. The properties are located across five states and occupied by five separate federal agencies, providing both operational and geographic diversity.

The GSA leased collection offers recession-resilient (Moody’s AAA Rating) cash-flow from a diverse mix of federal agencies that include the Social Security Administration (SSA), Mine Safety and Health Administration (MSHA), US Army Corps (USACE), the U.S. Department of Interior Fish and Wildlife Service (USFWS), and the U.S. Forest Service (USFS).

The five GSA leased properties total 89,092 square feet with a remaining weighted average lease term of 3.7 years. Each of these buildings were purpose built to strict GSA specifications and have been leased by the GSA for multiple decades; making long-term prospective occupancy highly likely.



Property Tenant Total SF Remaining Term More Info
01 201 St. Michael St, Mobile, AL 36602 USACE 39,468 SF 2.9 years View Details
02 4A Farm Colony Dr, Warren, PA 16365 USFS 22,006 SF 4.6 years View Details
03 84 N Main St, Freeport, NY 11520 SSA 12,009 SF 4.9 years View Details
04 6669 Short Ln, Gloucester, VA 23061 USFW 11,281 SF 3.0 years View Details
05 415 Green St, Craig, CO 81625 MSHA 4,328 SF 1.7 years View Details



UNITED STATES OF AMERICA CREDIT (AAA)

Leases guaranteed by the full faith and credit of the United States of America, featuring an AAA credit rating. These government leased assets offer a stable portfolio backed by the most attractive credit in the world.

DIVERSE, BUILD-TO-SUIT MISSION CRITICAL ASSETS

With five mission critical facilities located across five states (AL,PA,VA,NY & CO) and occupied by five separate federal agencies (USACE, USFS, SSA, USFWS & MSHA), the portfolio consists of assets that are diverse in both operations and market locations.

BUILD-TO-SUIT FACILITIES

Most of the portfolio assets were build-to-suit construction, enhancing probabilities for long-term occupancy.

Throughout the tenancy of these agencies, the owners have invested large sums into capital improvements and tenant improvements requested by each entity. This provides a high confidence level of continued renewals.

201 ST. MICHAEL ST

Property Details

ADDRESS 201 St. Michael St, Mobile, AL
YEAR BUILT 1995
RENTABLE SF 39,468
TENANT US Army Corps of Engineers
SITE SIZE 0.60 AC
Remaining Lease Term 2.9 years
APN 34 02 09 0 000 009.246
ZONING T-5.2, Mixed Use District of Medium Intensity

Property Highlights

  • Lease guaranteed by the United States of America (AAA credit)
  • Occupied the site since 2011
  • Outstanding CBD location
  • Low probability of relocation due to lack of inventory for large blocks of available office space
  • Currently no spaces available in the 35-45K square foot size range in Mobile, AL


84 N MAIN ST

Property Details

ADDRESS 84 N Main St, Freeport, NY
YEAR BUILT 1963/1995
RENTABLE SF 12,009
TENANT Social Security Administration
SITE SIZE 0.53 AC
Remaining Lease Term 4.9 years
APN(S) 55-236-01-0208; 55-236-01-0207
ZONING Commercial, Offices-Services

Property Highlights

  • 100% leased to the SSA
  • Great Long Island real estate; 40-minute drive to Manhattan and 20-minute drive to JFK International Airport
  • Lease guaranteed by the United States of America (AAA credit)
  • Occupied the site since 2009
  • Recent renewal extending the lease to February 28, 2029
  • Built in 1963 / extensively remodeled in 1995
  • Premier location and exposure along State Route 27 with daily traffic counts of ±77K VPD
  • 2 million square feet of retail within a 1-mile radius of the site


4A FARM COLONY DR

Property Details

ADDRESS 4A Farm Colony Dr, Warren, PA
YEAR BUILT 2008
RENTABLE SF 22,006
TENANT United States Forest Service
SITE SIZE Site Size 2.37 AC
Remaining Lease Term 4.6 years
APN WN-005-461000-000
ZONING I, Industrial

Property Highlights

  • Strategically located adjacent to the Allegheny National Forest, the only National Forest in PA
  • Headquarters for the entire 513K AC Allegheny National Forest
  • Lease guaranteed by the United States of America (AAA credit)
  • Occupied the site since 2008
  • Exercised ten (10) year renewal in 2018, extending the lease to 2028
  • Build-to-suit specifically for the US Forestry Service
  • Attractive exterior and well maintained building


6669 SHORT LN

Property Details

ADDRESS 6669 Short Ln, Gloucester, VA
YEAR BUILT 1995
RENTABLE SF 11,281
TENANT United States Fish and Wildlife Service
SITE SIZE 2.40 AC
Remaining Lease Term 3.0 years
APN 17641
ZONING B-1, Business District

Property Highlights

  • Lease guaranteed by the United States of America (AAA credit)
  • Strategic location near 15 National Wildlife Refuges
  • Initial lease term was ten (10) years with seven (7) years firm. Tenant has elected to remain in the property
  • Essential arm of the federal government


415 GREEN ST

Property Details

ADDRESS 415 Green St, Craig, CO
YEAR BUILT 1995
RENTABLE SF 4,328
TENANT Department of Labor | Mine Safety & Health Administration
SITE SIZE 0.59 AC
Remaining Lease Term 1.7 years
APN R009434
ZONING I-1, Light Industrial

Property Highlights

  • Lease guaranteed by the United States of America (AAA credit)
  • Occupied the site since 2010
  • Oversees over 165 mines and 26K mining claims on public land
  • Critical minerals such as uranium, gold, vanadium, copper and silver, used in nuclear energy, electrical equipment and vehicles are mined in this region
  • Demand for minerals mined in this region will remain strong as companies move to “clean energy”
  • Build-to-suit specifically for the MSHA