CBP ATLANTA PORT OFFICE

Tenant

Customs and Border Protection

Location

Atlanta, GA

Price

Unstated

CAP Rate

Unstated

Lease Term

6.25 Years Remaining

Occupancy

100%

Building Size

60,005 SQ FT

Property Type

Office

Year Built

Renovated 2011

Lot Size

8.317 Acres

Status

Sold

Property Contacts:

Travis Trautvetter

Vice Chairman

858 367 5105 | Email

Jake Trautvetter

Capital Markets

858 558 5624 | Email

Kari Fiske

Brokerage Coordinator

858 334 4032 | Email

FEDERAL GOVERNMENT CREDIT
Single-Tenant U.S. Federal Government facility, with lease guaranteed by the United States of America (Moody’s Aaa credit rating)

LONG-TERM FIRM LEASE, NO TERMINATION RIGHTS
6.25 years remaining on original 15-year firm lease term, providing a rare federal government lease structure with no termination rights

CBP FACILITY RESPONSIBLE FOR ATLANTA INTERNATIONAL AIRPORT
Major area of responsibility for U.S. Customs and Border Protection, overseeing operations at Hartsfield-Jackson Atlanta International Airport, the busiest airport in the United States by passenger volume with 103 million passengers annually

HOUSES ESSENTIAL CBP SERVICES
The Atlanta Port Office provides a variety of essential services and functions for CBP, including commodity specialists, cargo office, entry service center, outbound issues, fines and penalties, and entry financial unit

IMMEDIATE PROXIMITY TO ATLANTA INTERNATIONAL AIRPORT
Situated in immediate proximity to Atlanta International Airport, providing a highly strategic location fronting the airport access road and entry point

MAJOR MARKET LOCATION
Atlanta is the 9th-largest metro area in the United States, with an MSA size of nearly 6 million

The United States Customs and Border Protection (CBP) Atlanta Port Office is a single-tenant, 60,005 square foot, single-story office facility located at 157 Tradeport Drive in Atlanta. The Atlanta Port Office is responsible for CBP operations at Hartsfield-Jackson Atlanta International Airport, the busiest airport in the United States by passenger volume with 103 million passengers annually.

CBP Atlanta Port Office is 100% leased to the U.S. General Services Administration (GSA) via a first-generation, 15-year firm lease term which commenced in 2011. There are approximately 6.25 years firm remaining on the lease, which features a rare federal government structure with no termination rights. The lease is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investor Services. The GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate which typically exceeds 95%.

The Atlanta Port Office provides a variety of essential services and functions for CBP, including commodity specialists, cargo office, entry service center, outbound issues, fines and penalties, and the entry financial unit. This facility is situated in immediate proximity to Atlanta International Airport, providing a highly strategic location fronting the airport access road and entry point. Atlanta is the 9th largest metro area in the United States, with an MSA size of nearly 6 million.