USCIS FIELD OFFICE

Tenant

DHS Citizenship & Immigration Services

Location

San Bernardino, CA

Price

Unstated

CAP Rate

Unstated

Lease Term

14.5 Years Remaining

Occupancy

100%

Building Size

39,024 SQ FT

Property Type

Office

Year Built

2007 | 2014

Lot Size

2.92 Acres

Status

Sold

CLOSED AT RECORD PRICING

PROCURED CALIFORNIA 1031 EXCHANGE BUYER

GENERATED MULTIPLE OFFERS

SINGLE-TENANT FACILITY LEASED TO U.S. FEDERAL GOVERNMENT

NEW 15-YEAR FIRM LEASE TERM

2014 CONSTRUCTION

MISSION-CRITICAL BUILDING FOR CITIZENSHIP & IMMIGRATION SERVICES

The San Bernardino USCIS Office is a new, single-tenant, finish-to-suit building which was completed in March 2014. The property is leased to the General Services Administration (GSA) for use by the U.S. Department of Homeland Security, Citizenship & Immigration Services (USCIS) under a 15-year firm lease term, with no termination provisions. This is a very rare lease structure, as the majority of GSA leases contain termination rights. 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.

The premises consist of 39,024 rentable square feet, situated on a 2.30 acre lot, with another 0.62 acre lot for additional parking included in the offering. This building features extremely high quality construction, meeting the strict standards of the U.S. Government, and is designed to achieve LEED Certification. USCIS has invested a significant amount of funds into this facility, with tenant improvements exceeding $5.25 million.