Property details
Single Tenant GSA Class A Office Building, Northeast Region
Property Description
Single Tenant GSA Class A Office Building
20-year lease term provides for steady, long-term cash flows with a high probability of renewal in 2034.
Furthermore, the lease is backed by U.S. Government protecting against the risk of tenant default during the term.
Lease renewal is likely not only due to the property's relative age and building quality, but also because of its strategic location.
Class A Office Building Lead Certified
100% GSA Leased with 18 Year Lease Term
The property is directly adjacent to the a major Metro Station and near a major U.S. GSA Headquarters
The project consists of two separate office towers joined together by a glass atrium.
Additional features include a 1,076-space structured parking garage, cafeteria and fitness center.
This is a Confidential, Deliverable Off-Market Property. The Actual location will be provided to qualified buyers. The State shown is representative only. Located in one of the following Northeastern States: Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Washington D.C.
Images
Highlights
- Status:
- Available
- Price:
- $275,000,000
- PSF:
- $509
- Cap Rate:
- 5.00%
Property Information
- Building Size:
- 540,000 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Government
- Units/Spaces:
- 1
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Single Tenant GSA Class A Office Building
- Lease Type:
- NN
- Lease Commencement:
- 05/10/2017
- Lease Expiration:
- 05/10/2017
- Lease Remaining:
- 18.0 years
- Landlord Responsibilities:
- None
- Options:
- None
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.