Marcus & Millichap is pleased to present the exclusively listed State of Louisiana Government portfolio comprised of 8 single-tenant properties leased to the State of Louisiana in addition to 1 Federally leased (GSA) property to the U.S. Geological Survey (USGS). In total, the 9 Government properties available represents over 94,000 square feet of Government leased office space with over 13 acres of total land backed by the investment grade credit of both the State of Louisiana (Aa3 – Moody’s) and the U.S. Federal Government (AA+). In total, this investment opportunity provides investors the opportunity to capture significant yield with a weighted average lease-term remaining of 4.55 years across the portfolio.
The Louisiana Government Portfolio provides investors with a unique opportunity to acquire premium credit-grade assets at scale with a mix of diverse state agencies including: (3) Adult Probation and Parole Office, (1) Office of Juvenile Justice (1) Department of Children & Family Services – Child Welfare Office, (1) Department of Children & Family Services – Office of Family Support, (1) Office of Motor Vehicles, and (1) Department of Environmental Quality Office. In addition to the 8 State-leased assets, the portfolio also includes (1) USGS office located in Ruston, LA which is fully leased to the U.S. Federal Government and the GSA through February 29th, 2032.
Nine Louisiana Locations | Over 94,000 Square Feet
Eight State of LA and One Federally Leased (GSA)
State of LA (Aa3 – Moody’s) & US Federal Government (AA+) – Investment Grade Credit
4.55 Years of Weighted Lease Term Remaining Overall