800 Franklin

The Federal District Courthouse (the “Property”), located at 800 Franklin Avenue in Waco, TX, is a 103,500 rentable square foot property situated on 1.61 acres in the heart of downtown. Owned by the U.S. Postal Service, the property was constructed in 1935 as a post office and federal courthouse. Today, the property is fully occupied by the Federal Courts and related agencies, including the U.S. Attorney’s Office , the U.S. District Clerk’s Office, Pretrial Services, and the U.S. Marshals Service under the aegis of the U.S. General Services Administration (GSA). GSA occupies the property on a month-to-month basis and plans to remain in the building long-term. A buyer will have the rare opportunity to negotiate a new lease with GSA, which would likely occur during the buyer feasibility period. This is a unique opportunity for investors familiar with GSA-leased assets to acquire a fully occupied mission-critical facility in a growing metro area with flexibility to negotiate a mutually advantageous leaseback at below replication cost.