The Ficke Team of Colliers International is pleased to present to qualified investors the opportunity to acquire a premier three (3) building courthouse and office complex located at 101, 111, and 115 First Street, Bay City, Michigan. Developed in 1995, 1999, and 2000, with significant improvements made to all three buildings over the last few years. This complex is located on the Saginaw River and provides tenants with incredible views and consists of 38,283 rentable square feet (RSF) of which 62.4% are U.S. Government tenants, and the entire complex is 78.3% occupied. Annual gross rent for the four tenants is over $1 Million annual. The weighted average remaining lease term is 7.41 years. The U.S. Bankruptcy Court is a single-tenant, build-to-suit courthouse, and includes 16,038 RSF. The U.S. Bankruptcy Court lease expires April 20, 2028, with a high probability of renewal due to the unique building infrastructure. The U.S. Attorney’s Office is in a multi-tenant building with two other long-term tenants that includes a total of 15,249 RSF. The U.S. Attorney’s Office lease was recently renewed September 1, 2023, and expires August 31, 2043, illustrating the government’s commitment to this location. Both government agencies are mission critical to the Eastern District of Michigan. The third building is vacant and includes 6,996 RSF, which is a value-add opportunity to lease the building to a new tenant(s). The property has approximately 175 parking stalls, which is rare for the downtown area. The property is well-located near the Bay County courthouses and municipal buildings. In addition, the property is walking distance to the downtown area’s office buildings, restaurants, hotels, waterfront parks, shopping, and entertainment. This complex provides investors with an opportunity to acquire stable cash flow from two mission critical U.S. government tenants, plus an opportunity to increase the cash flow with a new tenant(s) to the vacant space. Bay City is in the county seat of Bay County, Michigan. The city is located just upriver from Saginaw Bay on the Saginaw River. It is the principal city of the Bay City metropolitan area, which is coterminous with Bay County as part of the larger Greater Tri-Cities region of Central Michigan. Based on Bay City’s 2022 Comprehensive Annual Financial Report, Bay City is home to global companies including SC Johnson, General Motors Powertrain, Bay Cast, Mersen USA Bn, Dresco Service Center, and Die Stampco.