Colliers International is pleased to present to the investment community, 8 Thatcher Lane, located in Wareham, Massachusetts.
The United States Department of Agriculture (USDA) building is located at 8 Thatcher Lane in Wareham, Massachusetts. The 8,400 square foot building was built in June 2018 and is situated on 3.4 acres, which includes 1.6 acres for the building and an additional 1.8 acres of excess land which could be demised and sold separately as a pad site. This USDA building presents an opportunity for an investor to acquire a new, custom-designed building for this mission critical government agency. This new construction facility provides a very attractive risk-adjusted yield with a highly rated credit tenant with S&P AA+ designation. General Services Administration leases offer long-term stability to an investor as these federal agencies occupy the facilities for more than 30 years, on average, with a first-generation renewal rate of approximately 96%.
- The Ficke Team represented the Seller and the Buyer.