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176 Dl Sargent Dr
Cedar City, UT 84721
US Government - BLM - Rare Increases · Office Property For Sale
Investment Highlights
- Credit Tenant - United States Government - AAA Rated - in a Great Infill Location of Cedar City Utah
- Scheduled Rental Increases in 2030 and in 2034 - Built-in-Growth and Long-Term Upside
- Single-Tenant Leased to Bureau of Land Management Building on 3.07-Acre Lot
- Attractive 7.66% Weighted Average Capitalization Rate in a Growing Regional Market
Executive Summary
Marcus & Millichap is pleased to present the exceptional investment opportunity located at 176 DL Sargent Drive in Cedar City, Utah.
The offering consists of a single-story, 18,026-square-foot office building secured by a long-term, 20-year firm lease to the Bureau of Land Management (BLM), which commenced on February 1, 2017. The lease features scheduled rent increases in 2030 and 2034, providing investors with built-in income growth and long-term stability guaranteed by a federal agency tenant. Backed by the full faith and credit of the U.S. federal government, the property offers strong security for income-focused investors. Strategically located in Cedar City, a growing regional hub, the property benefits from proximity to key federal lands and infrastructure while serving as an essential base for BLM operations. With an attractive weighted average cap rate of 7.66%, this offering is ideally suited for institutional investors or those seeking a long-term asset in an expanding market.
Overall, the asset represents a rare opportunity to acquire a government-leased, AAA-rated, single-credit-tenant investment delivering stable and predictable cash flow with minimal risk.
The offering consists of a single-story, 18,026-square-foot office building secured by a long-term, 20-year firm lease to the Bureau of Land Management (BLM), which commenced on February 1, 2017. The lease features scheduled rent increases in 2030 and 2034, providing investors with built-in income growth and long-term stability guaranteed by a federal agency tenant. Backed by the full faith and credit of the U.S. federal government, the property offers strong security for income-focused investors. Strategically located in Cedar City, a growing regional hub, the property benefits from proximity to key federal lands and infrastructure while serving as an essential base for BLM operations. With an attractive weighted average cap rate of 7.66%, this offering is ideally suited for institutional investors or those seeking a long-term asset in an expanding market.
Overall, the asset represents a rare opportunity to acquire a government-leased, AAA-rated, single-credit-tenant investment delivering stable and predictable cash flow with minimal risk.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
18,026 SF
Building Class
B
Year Built/Renovated
1975/2020
Price
$4,950,000
Price Per SF
$274.60
Cap Rate
6.95%
NOI
$343,830
Tenancy
Single
Building Height
1 Story
Typical Floor Size
18,026 SF
Building FAR
0.13
Lot Size
3.07 AC
Property Taxes
| Parcel Number | B-1196-0019-0000 | Improvements Assessment | $1,338,361 |
| Land Assessment | $855,867 | Total Assessment | $2,194,228 |
Property Taxes
Parcel Number
B-1196-0019-0000
Land Assessment
$855,867
Improvements Assessment
$1,338,361
Total Assessment
$2,194,228
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