State of Vermont & GSA — Sale in White River Junction, VT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: White River Junction, VT 05001

Photos

State of Vermont & GSA — Sale in White River Junction, VT, photo 1 of 3
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Investment Figures

Cap rate
8.34%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Institutional Property Advisors is pleased to exclusively present 118 Prospect Street, a 43,200-square-foot, four-story office building constructed in 2015 on 3.86 acres in White River Junction, Vermont. The building is 100 percent leased to two government tenants. The State of Vermont (Fitch AA+) occupies 88.4 percent through December 2032 with 1.75 percent annual increases and a ten-year renewal option, housing the Agency of Human Services and the Department of Labor. The Department of Veterans Affairs occupies the balance through July 2029 under a lease guaranteed by the United States of America. Offered at $10,900,000, an 8.34 percent cap rate. Investment Highlights: • Credit Tenancy: State of Vermont (Fitch AA+) and the United States of America (Department of Veterans Affairs) • State of Vermont Occupies 88.4% Through December 2032 With 1.75% Annual Increases and a 10-Year Renewal Option • GSA Lease Guaranteed by the United States of America Through July 2029 (Department of Veterans Affairs)

Market Context

This office in White River Junction, VT is listed for sale. It is offered at an approximate 8.3% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in White River Junction, VT — view the full market.

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