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Office

USDA

1 SW Nye Ave, Pendleton, OR 97801

Listing Price: $2,150,000

Cap Rate
8.43%
Gross SF
8,522
Rentable SF
8,522
Price/Gross SF
$252.29
Lot Size
0.20 acres

Investment Overview

Marcus & Millichap is pleased to present a fee-simple ownership interest in a single-tenant office property located at 1 SW Nye Avenue, Pendleton, Oregon 97801. The United States Department of Agriculture occupies this property under a government guaranteed gross lease. This offers investors an opportunity to secure an asset backed by an investment- grade quality tenant and capture consistent cash flows under a limited risk model.

The property is adjacent to a U.S. Social Security Administration, and sits on a 0.20 acre lot offering 8,522-square feet. The USDA provides leadership on food, agriculture, natural resources, rural development, nutrition, and related issues based on public policy, the best available science, and effective management. The USDAs vision is to provide economic opportunity through innovation, helping rural America to thrive; to promote agriculture production that better nourishes Americans while also helping feed others throughout the world; and to preserve our Nation's natural resources through conservation, restored forests, improved watersheds, and healthy private working lands.

The specific division of USDA that operates out of this location is the Farm Services Agency (FSA). With 51 state offices and 2,124 county offices, including offices in U.S. territories, FSA implements farm programs and farm loans to farmers and ranchers across the country. The Farm Service Agencys vision is to equitably serve all farmers, ranchers, and agricultural partners through the delivery of effective, efficient agricultural programs for all Americans. This government organization is dedicated to helping the community thrive. The USDA serves farmers across the nation with the tools and resources needed to keep our nation running.

Investment Highlights

  • The United States Department of Agriculture Moodys AA+
  • Three-Years Remaining on Initial 10-Year Lease Term
  • 100 Percent Occupied by USDA | Gross Lease

Exclusively Listed By

Listing Price: $2,150,000

Cap Rate
8.43%
Gross SF
8,522
Rentable SF
8,522
Price/Gross SF
$252.29
Lot Size
0.20 acres

Investment Highlights

  • The United States Department of Agriculture Moodys AA+
  • Three-Years Remaining on Initial 10-Year Lease Term
  • 100 Percent Occupied by USDA | Gross Lease

Investment Overview

Marcus & Millichap is pleased to present a fee-simple ownership interest in a single-tenant office property located at 1 SW Nye Avenue, Pendleton, Oregon 97801. The United States Department of Agriculture occupies this property under a government guaranteed gross lease. This offers investors an opportunity to secure an asset backed by an investment- grade quality tenant and capture consistent cash flows under a limited risk model.

The property is adjacent to a U.S. Social Security Administration, and sits on a 0.20 acre lot offering 8,522-square feet. The USDA provides leadership on food, agriculture, natural resources, rural development, nutrition, and related issues based on public policy, the best available science, and effective management. The USDAs vision is to provide economic opportunity through innovation, helping rural America to thrive; to promote agriculture production that better nourishes Americans while also helping feed others throughout the world; and to preserve our Nation's natural resources through conservation, restored forests, improved watersheds, and healthy private working lands.

The specific division of USDA that operates out of this location is the Farm Services Agency (FSA). With 51 state offices and 2,124 county offices, including offices in U.S. territories, FSA implements farm programs and farm loans to farmers and ranchers across the country. The Farm Service Agencys vision is to equitably serve all farmers, ranchers, and agricultural partners through the delivery of effective, efficient agricultural programs for all Americans. This government organization is dedicated to helping the community thrive. The USDA serves farmers across the nation with the tools and resources needed to keep our nation running.

Exclusively Listed By

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