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Views: 102 DOM: 225 Updated: 10.04.24 Posted: 05.16.24 Status: Active

Summary

Price $4,354,000
Built/Renov 2006
Tenant U.S. Fish and Wildlife Service
Cap Rate 7.75%
Lease Type Modified Gross
Guarantor Corp Rated
Size/SF 24,370
Lease Start 04-01-2021
#Units 700
Price/SF $178.66
Expiration 03-31-2031
Tenant Type Government
NOI $337,437
R. Term 6.3
Ownership Fee Simple
Rent/SF $13.85
Increases 0.0%/0/yrs
Pop 5Mi 202,953
Lot/AC 4.04
Options 0/0yrs
AHHI 5Mi $74,207

Lease Highlights

  • U.S. Fish and Wildlife Service has been operating in this location since 2006

  • The tenant has 6+ years remaining on the current lease term with no options to extend
  • Well-maintained steel and masonry building
  • Lease guaranteed by the full faith and credit of the U.S. Government (S&P: AA+)

Location Description

U.S. Fish and Wildlife Service is strategically located on East 21st Street. This 24,370 rentable square foot steel and masonry facility was originally a build-to-suit in 2006 for the U.S. Department of Interior, Fish and Wildlife Service. The site includes a 10,043 square foot warehouse, 6,400 square foot of ware yard space for equipment storage, and 60 parking spaces situated on 4.04 acres....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: U.S. Fish and Wildlife Service
  • Guarantor:Corp Rated
  • Company:U. S. Federal Government
  • # Units:700
  • Tenant S&P: AA+
  • Moody’s: Aaa
  • Stock:Private

About Tenant

The United States Fish and Wildlife Service (USFWS) is an agency of the Federal Government within the U.S Department of the Interior dedicated to the management of fish, wildlife, and natural...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 9,993 101,390 207,896
2024 Total Population : 9,856 100,271 204,241
2024 Employed Civilian Pop : 4,786 49,209 103,210
2024 Total Businesses : 367 4,855 11,749
2024 Average Household Income : $ 61,046 $ 66,185 $ 79,622
2024 Total Consumer Spending : $ 222 M $ 2338 M $ 5885 M
2024 Median Age : 36 34 35
2024 Total Households : 4,066 39,471 83,111
2024 Pop Age 25+: Bachelor's Degree : 740 8,443 25,361
2024 Average Home Value : $ 221,680 $ 224,123 $ 267,439
*ESRI data is presented for informational purposes only

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