Property Details
SOLD - U.S. Department of Labor’s Mine Safety Health Administration
Colliers International is pleased to present an investment opportunity, for the Mine Safety Health Administration (MSHA) office located at 4499 Appalachian Highway, Pineville, West Virginia. This 2016 build-to-suit for MSHA is the newly created, critical mission District 12 Office that’s a consolidation of three field offices and reallocation of District 4 due to the increase in coal production in southern West Virginia. District 12 covers Cabell, Lincoln, Logan, McDowell, Mercer, Mingo, Wayne, and Wyoming counties coal mines. It is also home to the Logan and Pineville field offices.
CONSOL Energy has commenced the development of a new metallurgic coal mine in Wyoming County that is expected to produce more than 600+ thousand tons per year of high-quality,
low-vol coking coal production. The mine is projected to be in full production in 2021 and create new jobs in the area. Global steel production is dependent on coal, as 70% of the steel produced uses coal, of which metallurgical coal is a vital ingredient.
The U.S. Department of labor’s MSHA helps to reduce deaths, injuries, and illnesses in the nation’s mines with a variety of activities and programs. The Agency develops and enforces safety and health rules for all U.S. mines, and provides technical, educational and other types of assistance to mine operators. MSHA works cooperatively with industry, labor, and other Federal and state agencies to improve safety and health conditions for all miners in the United States.
First Generation GSA Firm-Term Lease to MSHA through March 2026
Build-to-suit in 2016
U.S. Government Guarantee – “AA+” Credit Rating by Standard & Poor’s
Mission Critical Facility District 12 Office Located in Wyoming County
Attractive 7.75% Cash-on-Cash Return
- Property TypeOffice
- Total Acres0.48
- Property ID2127100
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