U.S. Dept. of Homeland Security

Tenant

U.S. Department of Homeland Security

Location

York, PA

Price

Unstated

CAP Rate

Unstated

Lease Term

15 Years Firm

Occupancy

100%

Building Size

16,660 SQ FT

Property Type

Office

Year Built

2020

Lot Size

6.1 Acres

Status

Sold

FEDERAL GOVERNMENT CREDIT
Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security

15-YEAR FIRM LEASE TERM
First-generation lease for new 15-year firm term

NEW CONSTRUCTION
Complete redevelopment and expansion of existing building with completion of construction in 2020

HIGHLY SPECIALIZED FACILITY
Constructed according to the specific requirements of Immigration and Customs Enforcement, highly secure and specialized facility including sally port and detention areas

SIGNIFICANT TENANT INVESTMENT
Over $4 million in tenant improvements ($250 per square foot) demonstrating significant tenant investment in the facility

The U.S. Department of Homeland Security, Immigration and Customs Enforcement (ICE) office in York, Pennsylvania is a single-tenant, 16,660 square foot facility which is essential to the mission of Homeland Security, featuring new construction and a long-term federal government lease with no cancellation rights.

Built-to-suit according to the specific requirements of ICE with completion projected for August 2020, this facility is highly specialized, with unique components including CCTV, intrusion detection, a sally port, and detention areas. Designated as Facility Security Level III, ICE has invested significant funds in this location, with over $4 million in tenant improvements, equating to over $250 per square foot. This project was a comprehensive redevelopment and expansion of an existing building, and includes all-new roof, interiors, mechanical, electrical, and plumbing systems. The improvements are situated on a 6.1 acre site, which can accommodate building expansion if required in the future.