U.S. FEDERAL GOVERNMENT CREDIT
Single-tenant facility leased to the U.S. Federal Government, guaranteed by the full faith and credit of the United States of America, providing exceptional income durability and credit quality

NEW 17-YEAR LEASE TERM
First-generation lease with the U.S. General Services Administration (GSA) for a new 17-year term, with a rare 15-year firm, non-cancellable period

ESSENTIAL FEDERAL WAREHOUSE
The U.S. Department of Justice Warehouse (DOJ Houston Warehouse) is an essential facility related to DOJ operations including storage requirements for food service inventory, trust fund inventory, excess and future project items, emergency and natural disaster supplies, and secure vehicle fleet space during emergency situations for the Bureau of Prisons (BOP) Federal Detention Center in downtown Houston, which opened in 1999 and holds male and female inmates prior to and during federal court proceedings and inmates serving short sentences

RELOCATION FACILITY
The new DOJ Houston Warehouse replaces a prior facility and significantly improves storage and logistics, including additional interior storage space and immediate proximity to the Federal Detention Center that is now less than 2 miles versus the prior distance of nearly 20 miles away

SPECIFIC FEDERAL WAREHOUSE REQUIREMENTS
The DOJ Houston Warehouse meets specific requirements identified for DOJ operations, including docks for 53 foot trailers, bay doors for BOP vehicle access, dock height of 11 feet wide and 50 inches tall, minimum bay width of 11 feet, minimum bay depth to accommodate a 90 foot vehicle without impeding traffic, a 192 foot minimum truck turning radius for semi-tractor trailer trucks, freezer space, minimum 21 foot ceiling heights for pallet racking system areas, and live load capacity of 333 pounds per square foot

INFILL HOUSTON INDUSTRIAL SUBMARKET / 6% VACANCY RATE
DOJ Houston Warehouse is situated within the Houston Southwest Inner Loop Submarket, which features an industrial vacancy rate of only 6% (CoStar) and provides exceptional access to downtown Houston with a driving distance of less than 2 miles; infill, high barrier to entry location with no new industrial space under construction or delivered within the past 12 months