DEPARTMENT OF JUSTICE

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

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.