Upper Marlboro, MD

50,978 SQ FT

DEA REGIONAL LAB

50,978 SQ FT

iStar, a public REIT headquartered in New York, engaged GOVT Real Estate Group to sell the DEA Regional Laboratory in Upper Marlboro, Maryland. Challenged with the objective of extracting maximum value on par with 10 – 15 year lease terms despite having only three years of lease term remaining, GOVT Real Estate Group was able to effectively demonstrate a 100% renewal probability to investors by emphasizing the specialized nature of the facility and the essential mission carried out by DEA at this location. Multiple bids were generated for this offering, concluding in a price record for comparable asset sales.