Description

The subject property is a 39,778-square-foot U. S. Federal Courts facility. It is leased to the GSA for the operation of the United States Fifth Circuit Court in Alpine, Texas. The building is situated on 5.2 acres and is designed with the capability to double in size. This facility was built-to-suit in 2007, with 95% of the building consisting of high end office space, and the remaining 5% containing daytime detention facilities for prisoners. It contains high-quality construction with unique architectural features, and was the only privately-owned GSA building to receive the award for excellence in design and construction in 2007. The building received citation for architectural and design excellence from the American Institute of Architects. The Courthouse was constructed in response to the high demand for a federal court centrally located in the West Texas region. Alpine is a regional hub for other federal facilities such as the DEA, U.S. Border Patrol, and U.S. Department of Transportation. The lease is for an original 15-year term with no termination options. The property is offered for sale subject to an existing assumable loan that features rapid principal paydown.

Alpine, Texas is located in West Texas and is the county seat for Brewster County. Situated at the edge of the Chihuahuan desert between Big Bend National Park and the Davis mountains, Alpine is at the center of the greater Big Bend region with an elevation of 4,600 feet. Alpine is a popular tourist destination with Big Bend National Park, Fort Davis, the art town of Marfa, Davis Mountains State Park, and the McDonald Observatory all within a short two-hour drive. Big Bend National Park consists of 800,000 acres of desert, mountains and rivers, making it a common place to visit. The city of Alpine capitalizes on its wealth of natural resources and recreational activities. It is
known for its culture and arts such as numerous art galleries and performing arts in its outdoor theater. Alpine is also home to the main campus of Sul Ross State University, with an enrollment of approximately 2,000 students and is a member of the Texas State University system.