The Employees' Retirement System of the Government of the Virgin Islands has three (3) buildings on it's property located at #3005 Orange Grove, Christiansted, St. Croix. All three (3) buildings sit on 2.9 acres and are located on parcels No. 5 and 6 of Estate Orange Grove. These buildings are conveniently located approximately 10-15 minutes from downtown Christiansted and are accross from the Federal Court House. Two of the buildings are currently occupied and the third is currently under construction.
This one story structure houses the St. Croix operations of GERS. This 4,186 square foot building was purchased in April of 2000 and was last appraised in November 2006 at market value for $372,000.
This one story structure houses the administrative offices of the Casino Control Commission. The 4,667 square foot building was purchased in April of 2000 and was last appraised in November 2006 at market value for $465,000. The gross rental revenue generated for this property annually is $84,006.
This two story building is 22,000 square feet with a lot appraised value of $510,000. This building is currently in its final phase of constrution with a completion date of summer 2010. The first floor of the building will be comprised of rental space. And the second floor will house the GERS administrative offices.