We are pleased to present the opportunity to acquire a single-tenant, fee-simple U.S. Customs and Border Protection (“CBP”) field office located at 47152 U.S. Highway 2 in Malta, Montana. The ±18,385-square-foot facility is 100% leased to the United States of America and administered through the U.S. General Services Administration (“GSA”), providing income backed by the full faith and credit of the federal government. The lease runs through October 2035, with five years firm, and carries two additional five-year renewal options extending the term to 2045.
In November 2025, the Government executed a new ten-year lease at the property, the latest step in an occupancy that dates to November 2005. Concurrent with that renewal, GSA directed $327,062 of capital improvements to the facility, including a new intrusion detection system, upgraded camera and wiring infrastructure, additional exterior and radio tower lighting, and overhead radiant heat added to the previously unheated vehicle storage bay. Ownership funded that work and is reimbursed monthly by the Government through the firm term at a contract rate of 8.25%. A tenant that has recommitted for a decade and simultaneously invested in hardening the facility is, in practical terms, difficult to leave.
The property serves as CBP’s Malta Station, a Border Patrol facility whose area of responsibility covers approximately 15,400 square miles of north-central Montana and includes approximately 91 miles of the international boundary with Canada. Malta sits at the intersection of U.S. Highway 2, northern Montana’s principal east-west corridor, and U.S. Highway 191, which runs north to the Port of Morgan land border crossing. U.S. Highway 191 also carries south from Malta, connecting with U.S. Highway 87 to Billings, approximately three hours away. The facility is purpose-built for federal field operations, with 8,153 square feet of high-finish secured office including a fitness center and detention cells, and 10,232 square feet of warehouse housing patrol vehicles, ATVs, and equipment, supported by a radio tower, a newly heated storage bay, and full-site emergency generator capability. The Government’s requirement at this location is set by statute and by a fixed geographic area of responsibility along the international boundary.
Rent grows contractually throughout the term. The operating cost component adjusts annually with CPI-W, base rent steps from $19.88 to $21.93 per square foot at the conclusion of the firm term, and rises again to $23.98 and $26.03 per square foot across the two renewal options. Montana remains one of the most sought-after states in the country for private capital, supported by no state sales tax and a tax structure ranked sixth nationally, yet the inventory of federally leased, investment-grade product in the state is exceptionally thin. This offering represents a rare opportunity to acquire a mission-essential federal facility with two decades of tenant history, recent government-directed capital investment, and contractual rent growth through 2045.
