Bureau of Reclamation & Social Security Administration

The Ficke Team at Colliers is pleased to offer qualified investors the opportunity to acquire a fully leased, multi-tenant office property in Albuquerque, New Mexico, anchored by two stable federal agencies: the Bureau of Reclamation (BoR) and the Social Security Administration (SSA). The property spans 62,078 square feet and is secured by recently renewed 5- and 7-year leases with these government tenants.
The Bureau of Reclamation is a major federal agency responsible for critical infrastructure across 17 western states, including dams, power plants, and canals. It is the nation’s largest water wholesaler, supplying water to over 31 million people and supporting irrigation for 140,000 farmers across 10 million acres—producing 60% of the country’s vegetables and 25% of its fruits and nuts. Additionally, it is the second-largest hydroelectric power producer in the western United States.
The Social Security Administration (SSA) is an independent U.S. federal agency tasked with managing the Social Security program, which includes retirement, disability, and survivor benefits. Most Americans contribute to the program via payroll taxes, with benefits determined by the wage earner’s contributions. Needs-based programs like Supplemental Security Income (SSI) are also administered by the SSA. The agency provides services through 1,200 field offices, a robust website, and a national toll-free number. In 2019, SSA field offices served 43 million individuals and officially reopened to the public in April 2022 after a two-year closure due to the COVID-19 pandemic.