US Dept of Homeland Security - FEMA
Tracy, CA
Unstated
Unstated
20 Years
100%
210,373 SQ FT
Office
2018
Unstated
Sold
PRE-SALE TRANSACTION
Complex pre-sale with buyer acquiring asset, assuming GSA lease, and completing development
ALL CASH CLOSING
Closed in under three weeks on a cash basis
Aaa CREDIT
100% Leased to U.S. Federal Government
20-YEAR FIRM LEASE
Maximum allowable federal lease term, with no termination rights
FEMA REGIONAL DISTRIBUTION FACILITY
Specialized regional distribution facility with office, warehouse, and refrigerated storage
The FEMA Distribution Center is a design/build project for the U.S. Federal Government which is under construction, with completion scheduled for late 2018. The disposition transaction was complex, structured as a pre-sale with buyer assuming development responsibilities and ongoing obligations for completion of the project.
