GSA-Leased Office
For Sale
Contact for pricing
3920 Division St, Burlington, IA 52601
Eight GSA-leased office buildings leased to federal agencies including SSA, IRS, and VBA.
Property SizeContact for details
Days on Market128
Property Features for 3920 Division St
General Information
Standard status
Active
Property subtype
Office
Building Details
Construction
brick veneer
Listing Agency:
Colliers - Dallas, Texas
(972) 759-7814
Listed By:
Geoff Ficke · License #TX 0593051
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 7:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Dallas, Texas
Investment Insights
Based on property information with market context.
The Heartland GSA-Leased Collection is an eight-property office portfolio leased to the General Services Administration (GSA). The buildings were constructed on a build-to-suit basis for the occupying federal agency by the same developer, and nearly all leases are first- or second-generation. The portfolio is described as being supported by the full faith and credit of the United States federal government and is presented as a stabilized income offering with a weighted average remaining firm term of about 9.22 years and a weighted average remaining term of about 6.30 years.
In Burlington, Iowa, each property is built with a slab-on-grade foundation with wood frames and 100% brick veneer construction, aluminum clad windows, and asphalt shingle roofing. The buildings are equipped with HVAC systems and have interior and exterior LED lighting. The offering notes exceptionally maintained properties and minimal capital expenditure requirements.
The portfolio includes agencies identified as the Social Security Administration (SSA), Internal Revenue Service (IRS), and Veterans Benefits Administration (VBA). Tours are by appointment only, and tenants are not to be disturbed. The seller has not stated a price, and interested investors are invited to submit Letters of Intent with allocated price(s), due diligence terms, closing terms, and other relevant conditions.
In Burlington, Iowa, each property is built with a slab-on-grade foundation with wood frames and 100% brick veneer construction, aluminum clad windows, and asphalt shingle roofing. The buildings are equipped with HVAC systems and have interior and exterior LED lighting. The offering notes exceptionally maintained properties and minimal capital expenditure requirements.
The portfolio includes agencies identified as the Social Security Administration (SSA), Internal Revenue Service (IRS), and Veterans Benefits Administration (VBA). Tours are by appointment only, and tenants are not to be disturbed. The seller has not stated a price, and interested investors are invited to submit Letters of Intent with allocated price(s), due diligence terms, closing terms, and other relevant conditions.
Key Highlights
- Eight (8) office buildings in a GSA‑leased portfolio leased to federal agencies including SSA, IRS, and VBA
- Average building vintage of 2009 with weighted average remaining firm term of about 9.22 years and remaining term of about 6.30 years
- Nearly all leases are first or second‑generation, supporting long‑term prospective occupancy
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
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Business Placement
Demographics for 52601, IA
27,899
Population
14,107
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
109.3 sq mi
ZIP Area
255
Density / Sq Mi
$57,123
Median Household Income
$35,594
Median Earnings
$921
Median Rent
$125,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Eight GSA-leased office buildings leased to federal agencies including SSA, IRS, and VBA.
Where is this office building located?
The property is located at 3920 Division St Burlington, IA.
What are key features of this property?
This property features: Eight (8) office buildings in a GSA‑leased portfolio leased to federal agencies including SSA, IRS, and VBA; Average building vintage of 2009 with weighted average remaining firm term of about 9.22 years and remaining term of about 6.30 years; Nearly all leases are first or second‑generation, supporting long‑term prospective occupancy
