Investment Opportunity - Federal-Backed Lease
Investment Opportunity - Federal-Backed Lease - 10.5% CAP
Marketing description
A rare opportunity to acquire a fully leased, single-tenant federal government investment housing the Harrisburg Military Entrance Processing Station (MEPS), the regional intake facility for all military service applicants across Central Pennsylvania. This 22,073 SF office building is 100% occupied by the United States Government (GSA) and has operated continuously as a MEPS facility since the building was purpose-built for the tenant.
MEPS stations are among the most mission-critical assets within the federal real estate portfolio. Operated by the United States Military Entrance Processing Command (USMEPCOM), each MEPS serves a defined multi-state recruiting catchment and is responsible for the medical, aptitude, and enlistment processing of every active-duty and reserve applicant in its region. Relocation of a MEPS is rare and operationally disruptive, which historically supports long-tenured occupancy and strong renewal probability.
The property is located within the Westport Business Center in Mechanicsburg, Cumberland County, along the West Shore of the Harrisburg MSA. Immediate access to US Route 15, the Pennsylvania Turnpike (I-76), Route 581, I-83, and I-81 places the asset at one of Central Pennsylvania's most transited commercial nodes, providing convenient access for applicants traveling from across the agency's Pennsylvania catchment. Harrisburg International Airport is approximately twenty minutes away, and downtown Harrisburg is less than four miles east.
This offering pairs the credit profile of the US Government (AAA/Aaa/AA+) with the operational stability of a purpose-built, mission-critical federal facility in one of Central Pennsylvania's most established commercial corridors.
Investment highlights
- 100% leased to the United States Government (GSA), AAA/Aaa/AA+ rated credit, housing the Harrisburg Military Entrance Processing Station (MEPS) in a 22,073 SF purpose-built facility
- Mission-critical USMEPCOM operation responsible for the medical, aptitude, and enlistment processing of every active-duty and reserve applicant for all armed services across the regional recruiting area, supporting long-tenured occupancy and strong renewal probability
- Continuous MEPS tenancy since building delivery, institutionally managed and professionally maintained throughout its lease history
- Strategically positioned in the established Westport Business Center in Mechanicsburg, Cumberland County, with immediate access to US Route 15, the Pennsylvania Turnpike (I-76), Route 581, I-83, and I-81, plus proximity to Harrisburg International Airport and downtown Harrisburg
- 2024 and 2025 Income/Expenses available. 2025 numbers shown below
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