Description

The Ficke Team of Colliers presents a rare opportunity to acquire the U.S. District Courthouse and U.S. Marshals Service Building located at 7940 Preston Rd, a trophy-quality, mission-critical federal asset purpose-built for the U.S. District Court for the Eastern District of Texas within one of the nation’s busiest judicial districts. Constructed in 2008, the 36,755-square-foot facility features highly specialized improvements including multiple courtrooms, judicial chambers, secure holding and processing areas, and a dedicated operational suite for the United States Marshals Service, creating significant barriers to replacement or re-tenanting. With a replacement cost exceeding $55 million, the asset offers a substantial margin of safety, while its modified gross lease—backed by the full faith and credit of the U.S. Government (S&P AA+)—provides a 10-year firm term through 2033 within a total lease extending to 2040, further supported by strong tenant stickiness given the specialized buildout and judicial occupancy. Serving the Sherman Division, the courthouse plays a critical role in adjudicating complex federal matters across the region and is widely recognized as a key venue for high-profile patent litigation. Located in Plano, one of the most economically vibrant cities in the U.S., the property benefits from proximity to major corporate headquarters such as JPMorgan Chase, Capital One, Toyota Motor North America, Samsung Electronics America, PepsiCo, and Frito-Lay, along with continued growth driven by developments like AT&T’s global headquarters and the Texas Research Quarter. Surrounded by ongoing mixed-use and multifamily expansion within the Dallas-Fort Worth metroplex, the asset is positioned in a high-income, supply-constrained submarket, offering investors durable income, exceptional credit tenancy, and long-term stability.