- Details
- Investment Highlights
- Description
Tenant
DEA
Location
Sterling, VA
Price
Unstated
CAP Rate
Unstated
Lease Term
Unstated
Occupancy
100%
Building Size
49,692 SQ FT
Property Type
Office
Year Built
2001
Lot Size
6.77 Acres
Status
Sold
DEA
Sterling, VA
Unstated
Unstated
Unstated
100%
49,692 SQ FT
Office
2001
6.77 Acres
Sold
HIGHLY SPECIALIZED, MISSION-CRITICAL FACILITY
The DEA Special Testing and Research Lab features staff offices, laboratories and support areas for testing and analyzing chemicals, and special features including evidence rooms, computer labs, cryptography, an organic chemistry lab, NMR magnet lab, gas chronograph lab, GC/MS lab, HPLC/LE lab, library, and physical fitness area. DEA performs mission critical forensic analysis from this facility, which is effectively irreplaceable due to the location requirements and exceptionally high costs of replication.
KEY LOCATION
Situated just minutes from Dulles International Airport, the location facilitates all necessary shipments and transfer of evidentiary materials involved in testing, while providing convenient access to the DEA’s Mid-Atlantic laboratory and national headquarters in downtown Washington, DC.
ATTRACTIVE LEASE STRUCTURE
Rare GSA lease structure that is net of utilities and security, reducing landlord exposure to these operating costs. Due to the high replacement costs of this facility and the essential functions which it houses for DEA, this asset benefits from the highest possible renewal probability, and the potential to drive future rent growth.
The Drug Enforcement Agency (DEA) Special Testing and Research Laboratory in Sterling, Virginia is a 2001 build-tosuit office and laboratory building which serves as one of only four DEA drug testing labs in the United States. This asset is located in Loudoun County, one of the most affluent counties in the nation, and is in close proximity to the Dulles International Airport, a necessity for receiving and handling shipments designated for testing at the facility. GSA has commissioned plans for a 7,000 square foot expansion (paid by Landlord) that would increase yields to investors.