The Ficke Team of Colliers has been retained to exclusively market for sale the U.S. Geological Survey – Great Lakes Science Center and Lake Erie Biological Station in Huron, Ohio, which is considered a critical mission center due to its location and rare operation, with no marinas in the area that can support this operation. Located at 380 Huron Street this offering provides over 17 years firm, non-cancellable remaining lease term and an S&P AA+ credit rating backed by the full faith and credit of the U.S. Federal Government.
This build-to-suit, 6,885 square foot building, with marina and boat dock access to Lake Erie, was developed to meet the unique infrastructure requirements for USGS to conduct its critical mission on Lake Erie and throughout the Great Lakes. The USGS has invested significant capital into the tenant improvements for the laboratory, vessel berthing, and building security systems.
This offering provides investors with a rare property and location, due to marina access at this location to support the USGS mission. Investors will enjoy a long-term remaining lease term of over 17 years with no termination rights. Rare to this lease, the USGS pays direct for electric, gas, water/sewer, and for laboratory and special equipment maintenance.
Huron is a city in Erie County, Ohio, United States, located at the mouth of the Huron River on Lake Erie. The population was 6,922 at the 2020 census. It is part of the Sandusky Micropolitan Area.