About 1005 High Avenue Ne
Exceptional Government-Leased Investment Opportunity! This purpose-built, single-story 8,200± sq. ft. office building is leased to the USDA through April 30, 2030, providing stable, long-term income backed by a government tenant. Constructed in 1997, the property features an efficient floor plan with 18 private offices, a large open staff workspace, conference room, dedicated IT/data room, reception area with vestibule entry, employee breakroom, restrooms, storage, and mudroom. An oversized, (going to be resurfaced) parking lot offers 60+ parking spaces for employees and visitors.
Priced based on current 2025 income and expenses, this property offers a solid investment foundation with additional upside. An adjacent 431 sq. ft. finished office suite—recently vacated by another government agency due to expansion—is move-in ready and presents an excellent value-add opportunity. Subject to government approval, the USDA could lease this space for an additional $12,175 annually, increasing total annual rental income to $199,812.25 based on 7,073 rentable square feet.
Originally designed with flexibility in mind, the property has already been surveyed into eight separate parcels, creating unique opportunities for fractional ownership, multiple investors, or future ownership strategies. This is a rare opportunity to acquire a well-maintained government-leased asset with dependable cash flow, future income potential, and exceptional ownership flexibility.
