U.S. Drug Enforcement Administration
Sierra Vista, AZ
6.25 Years Remaining
8,411 SQ FT
U.S. FEDERAL GOVERNMENT CREDIT
Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security
First-generation lease for an original 15-year term, occupied by the U.S. Department of Justice, Drug Enforcement Administration, replacing the previous DEA office in the Sierra Vista market area
2014 DEVELOPMENT OF DEA
Comprehensive redevelopment-to-suit for DEA, with completion in 2014, constructed to meet specific requirements of the tenant and in adherence with strict federal Level III building security standards
ESSENTIAL FACILITY AND LOCATION
Sierra Vista DEA is strategically located approximately 20 miles from the U.S. / Mexico border in an area which requires a DEA presence in order to carry out the mission of the tenant
SIGNIFICANT TENANT IMPROVEMENT
Over $1.15 million in new tenant improvements funded by DEA, demonstrating significant tenant investment in the facility
The U.S. Department of Justice, Drug Enforcement Administration (DEA) facility in Sierra Vista, Arizona is a first-generation building which was redeveloped-to-suit for DEA in 2014. The project consists of 8,411 square feet that is 100% leased to the U.S. General Services Administration (GSA) with over six years remaining on the original 15-year term.
The Sierra Vista DEA facility is situated in a highly strategic and mission critical location, positioned approximately 20 miles north of the border between the United States and Mexico, to the east of the Miller Peak Wilderness and Huachuca Mountains, and in between the Border Port of Entry locations in Nogales, Arizona and Naco, Arizona. This region is commonly known to experience drug trafficking activity, which necessitates the Sierra Vista DEA location.
Sierra Vista DEA office contains highly specialized features and security, designed according to the tenant’s specific requirements, and meets strict federal standards and Facility Security Level III requirements. DEA invested significant funds into this new office location, which replaced the previous DEA facility in this market, with Tenant Improvements exceeding $1.15 million.
The lease is guaranteed by the full faith and credit of the United States of America, featuring an Aaa rating from Moody’s Investor Services and unrivaled income security. Additionally, 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%. Studies of this data indicate that GSA occupancy of single-tenant facilities yields an occupancy period that typically exceeds 35 years.