NATIONAL OCEANIC & ATMOSPHERIC ADMIN.

Tenant

National Oceanic & Atmospheric Administration

Location

Chesapeake, VA

Price

Unstated

CAP Rate

Unstated

Lease Term

15 Years (10 Years Firm)

Occupancy

100%

Building Size

38,070 SQ FT

Property Type

Office

Year Built

2008

Lot Size

Unstated

Status

Sold

U.S. FEDERAL GOVERNMENT CREDIT
Lease guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating and unrivaled income security

LONG-TERM LEASE
New 15-year lease term (10 years firm) following renewal with U.S. General Services Administration

ESSENTIAL REGIONAL FACILITY
Atlantic Regional Field Office for National Oceanic and Atmospheric Administration’s Tides and Currents Operations

2008 BUILD-TO-SUIT CONSTRUCTION
Designed and constructed to meet tenant-specific requirements and strict federal standards, with completion in 2008

SPECIALIZED IMPROVEMENTS
Facility consists of office and laboratory space, training rooms, and warehouse, and was built to accommodate the specific operational needs of NOAA