Major Rent Bumps - Bureau of Land Management 176 Dl Sargent Dr 18,026 SF Office Building Cedar City, UT 84721 $5,200,000 ($288.47/SF) 7.11% Cap Rate

Marcus & Millichap is pleased to offer a unique opportunity to acquire a government-leased, AAA rated, single credit-tenant office building in Cedar City, UT, with a long-term, 20-year firm-term lease to the Bureau of Land Management which commenced on 02/01/2017, featuring rent increases in 2030 and 3034 and a weighted average CAP Rate of 7.11%.
The single-story, 18,026 square foot building offers stable, predictable cash flow with minimal risk, backed by the U.S. federal government. Located in Cedar City, UT, a growing regional hub, the property serves as an essential base for BLM’s administrative and field operations in the area. Cedar City is strategically positioned for ease of access to other key federal properties and natural resources managed by BLM. 
Cedar City is a rapidly growing city in southern Utah, with a strong local economy supported by tourism, agriculture, and the presence of Southern Utah University. The city's strategic location and economic development contribute to a favorable market for government leasing activity. This investment is ideal for institutional investors or those seeking a long-term, low-risk asset in a growing market.