Homeland Security Portfolio

Tenant

U.S. Immigration & Customs Enforcement - ERO (Enforcement & Removal Operations) | HSI (Homeland Security Investigations)

Location

Orlando, Florida

Price

Unstated

CAP Rate

Unstated

NOI

Unstated

Lease Term

16.5 Years (ERO) | 12 Years (HSI)

Occupancy

100%

Building Size

77,260 SQ FT

Property Type

Office

Year Built

2010 Redevelopment (ERO) | 2006 (HSI)

Lot Size

Unstated

Status

Avaliable

Property Contacts:

Travis Trautvetter

Managing Partner | Capital Markets

858 367 5105 | Email

Jake Trautvetter

Managing Partner | Capital Markets

858 367 5102 | Email

Kari Fiske

Director | Operations

858 367 5450 | Email

Isabel Musgrove

Director | Marketing

858 367 0929 | Email

FEDERAL GOVT PORTFOLIO OFFERING
Portfolio offering of two single-tenant facilities leased to the U.S. General Services Administration (GSA) for occupancy by the U.S. Department of Homeland Security (DHS); the properties feature a strategic and central location in Orlando, Florida in immediate proximity to Orlando International Airport

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

LONG-TERM, FIRM LEASE STRUCTURES WITH BASE RENT GROWTH
Lease renewals commenced in 2020 and 2021 for new 15-year and 20-year terms, the leases include scheduled base rent increases and were structured without any amortized Tenant Improvement rent, resulting in an improved cost basis

BUILD-TO-SUIT CONSTRUCTION
The Orlando Homeland Security facilities were designed and built according to the specific requirements of the U.S. Department of Homeland Security in adherence with strict federal security and building construction standards; DHS-ERO was a comprehensive redevelopment in 2010 for occupancy by Enforcement and Removal Operations; DHS-HSI was built-to-suit in 2006 for Homeland Security Investigations

ESSENTIAL OPERATIONS FOR DEPT OF HOMELAND SECURITY
Orlando Enforcement & Removal Operations is responsible for a significant area of regional coverage in Central Florida, including the counties of Brevard, Highlands, Indian River, Lake, Marion, Okeechobee, Orange, Osceola, Seminole, St. Lucie, and Volusia; Orlando Homeland Security Investigations houses the Central Florida Intelligence Exchange, an all crimes / all hazards fusion center which supports nine counties, with on-site staffing from multiple federal, state, and local agencies

EXPANSION CAPABILITY
Both facilities comprising the portfolio have excess land which would accommodate tenant needs if a future expansion were necessary, DHS-ERO is comprised of 49,420 square feet of improvements situated on 5.30 acres of land, DHS-HSI includes 27,840 square feet of improvements sited on 4.86 acres