ICE/FWS FACILITY

Tenant

Immigration & Customs Enforcement

Location

Rio Rico (Nogales), TX

Price

Unstated

CAP Rate

Unstated

Lease Term

12.5 Years Remaining

Occupancy

100%

Building Size

52,588 SQ FT

Property Type

Office

Year Built

2011

Lot Size

2.97 Acres

Status

Sold

ALL CASH TRANSACTION

GENERATED MULTIPLE OFFERS

SINGLE-TENANT GSA-LEASED FACILITY

LEED GOLD CERTIFIED BUILDING

2011 BUILD-TO-SUIT CONSTRUCTION

MISSION CRITICAL LOCATION BY U.S./MEXICO BORDER

The U.S. Immigration & Customs Enforcement Facility is a new single-tenant build-to-suit location which was constructed in 2011. The property is leased to the General Services Administration (GSA) for use by the U.S. Dept. of Homeland Security, Immigration & Customs Enforcement Agency (ICE) and U.S. Fish & Wildlife Services (FWS) under one single 15-year firm lease, with no termination provisions. This is a very rare lease structure, as the majority of GSA leases contain termination provisions. The lease is guaranteed by the full faith and credit of the United States of America, which has an Aaa credit rating from Moody’s Investor Services. Originally, the lease was structured as a standard GSA 10-year firm lease term, but the GSA relinquished their termination option, evidencing their commitment to this location and these facilities.