U.S. Department of Agriculture 3500 Wabash Ave

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire this mission critical U.S. Department of
Agriculture Illinois Farm Service Agency (FSA) located at 3500 Wabash Avenue, Springfield, IL 62711. The property underwent a major interior renovation in September of 2023 with significant investment in to the new space. This first generation leased facility provides an attractive risk-adjusted yield with a highly rated credit tenant with an S&P AA+ credit rating. The USDA firm lease term expires March 31, 2028.
This Illinois FSA is the office of the State Executive Director (SED) and the State Committee Chairperson and State Committee Members that serves the 93 offices in all county seats through Illinois and are charged with the implementation of FSA Policies throughout the state of Illinois. All duties that are normally associated with administration to support the FSA workforce in Illinois are managed from this office as they provide services to farmers, ranchers, and the general population. This includes human resource support, budget, and fiscal management, contracting and purchasing, and leasing office space.
The organizational structure of the Farm Service Agency is laid out by Congress and overseen by the Secretary of Agriculture. The FSA
administrator reports to an undersecretary of agriculture for Farm Production and Conservation (FPAC). The national farm program and
farm loan program development and oversight functions are managed in Washington, D.C. and computational and statistical work is done in Kansas City. Implementation of farm policy through FSA programs is the responsibility of state and field offices based in each state, counties, and U.S. territories.