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1313 Us Highway 160 E 14,000 SF Office Building Monte Vista, CO 81144 $3,794,816 ($271.06/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security
- Comprehensive, finish-to-suit redevelopment for BLM in 2015, relocating the San Luis Valley Field Office and providing a long-term facility
- San Luis Valley Field Office manages over 500,000 acres of public land in Colorado’s Rio Grande Basin, an essential service of BLM
- First-generation 20-year firm lease term, commencing in February 2015, featuring a rare government lease structure with no termination rights
- Specialized facility with both office and warehouse space, expansive ware yard and improvements situated on oversized 4-acre parcel
- BLM occupies 100% of the 14,000 square foot facility; the current lease is based on square footage of only 10,006, which provides future upside
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
14,000 SF
Building Class
B
Year Built
2015
Price
$3,794,816
Price Per SF
$271.06
Cap Rate
6.25%
NOI
$237,176
Tenancy
Single
Building Height
1 Story
Typical Floor Size
14,000 SF
Building FAR
0.08
Lot Size
3.98 AC
Opportunity Zone
Yes
Zoning
Commercial Highway
AMENITIES
- Fenced Lot
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Public Administration
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
The BLM was established in 1946, but its roots go back to the years after America’s independence, when the young nation began acquiring additional lands. At first, these lands were used to encourage homesteading and westward migration. The General Land Office was created in 1812 to support this national goal. Over time, values and attitudes regarding public lands shifted, and President Harry S. Truman, by means of a government reorganization, merged the GLO and another agency, the U.S. Grazing Service, creating the BLM.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Public Administration | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | 3705100078 | Improvements Assessment | $355,879 |
| Land Assessment | $65,299 | Total Assessment | $421,178 |
PROPERTY TAXES
Parcel Number
3705100078
Land Assessment
$65,299
Improvements Assessment
$355,879
Total Assessment
$421,178
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Presented by
GOVT Real Estate Group
1313 Us Highway 160 E
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