- Details
- Investment Highlights
- Description
Tenant
GSA
Location
Imperial, CA
Price
Unstated
CAP Rate
Unstated
Lease Term
Unstated
Occupancy
Unstated
Building Size
25,609 SQ FT
Property Type
Office
Year Built
Unstated
Lot Size
4.71 Acres
Status
Sold
GSA
Imperial, CA
Unstated
Unstated
Unstated
Unstated
25,609 SQ FT
Office
Unstated
4.71 Acres
Sold
SOURCED CALIFORNIA 1031 EXCHANGE BUYER
THREE PROPERTY GSA AND COUNTY PORTFOLIO
SOLD WITH TERMINATION OPTION ON 62% OF OCCUPANCY
LONG-TERM GOVERNMENT TENANTS
MISSION-CRITICAL LOCATION NEAR CALEXICO PORT OF ENTRY BETWEEN U.S. AND MEXICO
OCCUPIED BY KEY LAW ENFORCEMENT AGENCIES
RECENT LEASE RENEWALS AND TENANT EXPANSION
The Imperial Valley GSA Portfolio is comprised of three contiguous office buildings, each housing mission critical government tenants with long-term leases in place, located in Imperial, California. This location offers immediate proximity to both of the Ports of Entry between the United States and Mexico in Calexico, which is a crucial area for the agencies that occupy these facilities due to their focus on immigration and drug trafficking control. Four tenant agencies occupy the Imperial Valley GSA Portfolio: U.S. Department of Homeland Security, Immigration and Customs Enforcement (ICE) and Citizenship and Immigration Services (CIS); U.S. Department of Justice, Executive Office of Immigration Review (EOIR); and Imperial County, High-Intensity Drug Trafficking Areas Program (HIDTA). In total, there are three leases for these properties. Two leases are with the Federal Government, through the General Services Administration (GSA) and one lease is with Imperial County.