3428 I-20

Description

USDA & FSA already in place. 7.5% CAP RATE on a GSA lease!!! They have been occupying this building since completion in 2012. Nice single-story first class building currently leased to Martin County USDA and FSA (local agricultural services). This location serves Martin and the surrounding four counties. Designed by architect James A. Stephenson. Right off frontage road to I-20. Build to suite for the USDA & FSA. This building was built with all the current tenant's programing considered. The building is segregated for both the USDA and the FSA. USDA side has 3 private offices, a large file and storage room, a large open concept big room for office staff and private offices for managerial staff. The FSA side has 2 private offices and a medium sized staff area. Both the USDA and the FSA have common shared bathrooms, conference room, kitchenette, utility room with enclosed garage for side by side and other ag equipment. They also share a common vestibule entrance. A secured and cooled server room and a shared janitorial closet with mop sink and storage. This building has been impeccably maintained. With a GSA lease in effect since 2012, the current lease was renewed in April of 2025 and is effective until end of April 2030. During all recent government shutdowns, this building has remained open and leased by the Federal Government and all rent is current. Rental payments are made electronically and are in arears. The USDA and FSA have been in Stanton for over 40 years serving this wonderful community. Ownership was commissioned by the USDA to build this for the USDA & FSA from the beginning and has amenities specifically for their needs. Agriculture and farming services are essential needs for the local and surrounding communities - counties. The current lot has additional acreage that enables the building to be easily expanded approximately 2,500 sf if need be.