Investment Overview

Institutional Property Advisors is pleased to exclusively present 118 Prospect Street, a 43,200-square-foot, four-story office building constructed in 2015 on 3.86 acres in White River Junction, Vermont. The building is 100 percent leased to two government tenants. The State of Vermont (Fitch AA+) occupies 88.4 percent through December 2032 with 1.75 percent annual increases and a ten-year renewal option, housing the Agency of Human Services and the Department of Labor. The Department of Veterans Affairs occupies the balance through July 2029 under a lease guaranteed by the United States of America. Offered at $10,900,000, an 8.34 percent cap rate.