US Government - BLM - Rare Increases 176 Dl Sargent Dr 18,026 SF Office Building Cedar City, UT 84721 $6,808,230 CAD ($377.69 CAD/SF) 6.95% Cap Rate

Marcus & Millichap is pleased to present the exceptional investment opportunity located at 176 DL Sargent Drive in Cedar City, Utah.
The offering consists of a single-story, 18,026-square-foot office building secured by a long-term, 20-year firm lease to the Bureau of Land Management (BLM), which commenced on February 1, 2017. The lease features scheduled rent increases in 2030 and 2034, providing investors with built-in income growth and long-term stability guaranteed by a federal agency tenant. Backed by the full faith and credit of the U.S. federal government, the property offers strong security for income-focused investors. Strategically located in Cedar City, a growing regional hub, the property benefits from proximity to key federal lands and infrastructure while serving as an essential base for BLM operations. With an attractive weighted average cap rate of 7.66%, this offering is ideally suited for institutional investors or those seeking a long-term asset in an expanding market.
Overall, the asset represents a rare opportunity to acquire a government-leased, AAA-rated, single-credit-tenant investment delivering stable and predictable cash flow with minimal risk.