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Office Medical

Mine Safety & Health Administration (GSA)

1644 Pond Fork Rd, Madison, WV 25130

Listing Price: $1,613,553

Cap Rate
7.25%
Gross SF
9,047
Rentable SF
9,047
Price/Gross SF
$178.35
Occupancy
100.0%
Year Built
1990
Lot Size
19.98 acres

Investment Overview

We are pleased to offer for sale this single-tenant government leased office building located at 1644 Pond Fork Road, Madison (Boone County), West Virginia 25130. The property consists of a 9,407-square-foot office building that was developed in 1990 as a build-to-suit for the Mine Safety and Health Administration (MSHA). In 2012, the GSA made significant improvements that included 20 new phone lines, 28 new data lines, and connections to a new data patch panel. Shatter resistant window protection was added, and a new secure gate opener with new entry and egress key pad. New carpet tiles and new ceiling grids and tiles were installed throughout the facility . The front office was dry-walled and the entire facility was painted, including exterior and interior doors. ADA approved doorknobs were also installed on all doors within the facility. There is a new 10 year lease renewal including eight years of firm term signed in 2021, and GSA invested over $163,000 in tenant improvements again in 2021 for new paint and carpeting. The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) works to prevent death, illness, and injury from mining and promote safe and healthful workplaces for U.S. miners. MSHA carries out the provisions of the Federal Mine Safety and Health Act of 1977 (Mine Act) as amended by the Mine Improvement and New Emergency Response (MINER) Act of 2006. The Agency develops and enforces safety and health rules for all U.S. mines.

Investment Highlights

  • New 10 Year (Eight Firm) Lease Renewal Signed in 2021
  • GSA Lease (U.S. Government Credit, AA+ S&P) – Mine Safety and Health Administration (MSHA)
  • GSA Invested Over $163,000 in Tenant Improvements For Paint and Carpet Upgrades in 2021
  • Extensive Renovations Made in 2012 for New Data Connections, Security Upgrades and Exterior Renovations
  • Strong Fit for Renewal and 10 (Eight) Lease Allowed GSA to Accept this via AAAP, thus Expediting Procurement and Avoiding GSA's Typical Ad and Survey Lease Acquisition Process
  • ADA Approved Facility
  • MSHA Develops and Enforces Safety and Health Rules for All US Mines

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Financing By

Office Medical

Mine Safety & Health Administration (GSA)

Listing Price: $1,613,553

Cap Rate
7.25%
Gross SF
9,047
Rentable SF
9,047
Price/Gross SF
$178.35
Occupancy
100.0%
Year Built
1990
Lot Size
19.98 acres

Investment Highlights

  • New 10 Year (Eight Firm) Lease Renewal Signed in 2021
  • GSA Lease (U.S. Government Credit, AA+ S&P) – Mine Safety and Health Administration (MSHA)
  • GSA Invested Over $163,000 in Tenant Improvements For Paint and Carpet Upgrades in 2021
  • Extensive Renovations Made in 2012 for New Data Connections, Security Upgrades and Exterior Renovations
  • Strong Fit for Renewal and 10 (Eight) Lease Allowed GSA to Accept this via AAAP, thus Expediting Procurement and Avoiding GSA's Typical Ad and Survey Lease Acquisition Process
  • ADA Approved Facility
  • MSHA Develops and Enforces Safety and Health Rules for All US Mines

Investment Overview

We are pleased to offer for sale this single-tenant government leased office building located at 1644 Pond Fork Road, Madison (Boone County), West Virginia 25130. The property consists of a 9,407-square-foot office building that was developed in 1990 as a build-to-suit for the Mine Safety and Health Administration (MSHA). In 2012, the GSA made significant improvements that included 20 new phone lines, 28 new data lines, and connections to a new data patch panel. Shatter resistant window protection was added, and a new secure gate opener with new entry and egress key pad. New carpet tiles and new ceiling grids and tiles were installed throughout the facility . The front office was dry-walled and the entire facility was painted, including exterior and interior doors. ADA approved doorknobs were also installed on all doors within the facility. There is a new 10 year lease renewal including eight years of firm term signed in 2021, and GSA invested over $163,000 in tenant improvements again in 2021 for new paint and carpeting. The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) works to prevent death, illness, and injury from mining and promote safe and healthful workplaces for U.S. miners. MSHA carries out the provisions of the Federal Mine Safety and Health Act of 1977 (Mine Act) as amended by the Mine Improvement and New Emergency Response (MINER) Act of 2006. The Agency develops and enforces safety and health rules for all U.S. mines.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

Financing By

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