Immigration and Customs Enforcement

  • Government
Derby
Location: Vermont


  • Building Size: 4,660 sq/ft
  • Status: Coming Soon

Property Information

  • Type: Government
  • Building Size : 4660
  • Status : Coming Soon

Investment Overview

Marcus & Millichap is pleased to offer the exclusively listed U.S. Immigration and Customs Enforcement building located at 190 Citizens Road in Derby, VT. The building was originally built in 1985, but underwent extensive improvements and renovations in 2018, investing substantial capital into the property for the unique specifications and build-out of the Immigration & Customs Enforcement agency.

U.S. Immigration and Customs Enforcement (ICE) enforces federal laws governing border control, customs, trade and immigration to promote homeland security and public safety. ICE was created in 2003 through a merger of the investigative and interior enforcement elements of the former U.S. Customs Service and the Immigration and Naturalization Service. ICE now has more than 20,000 employees in more than 400 offices in the United States and 46 foreign countries. The agency has an annual budget of approximately $6 billion, primarily devoted to three operational directorates – Homeland Security Investigations (HSI), Enforcement and Removal Operations (ERO) and Office of the Principal Legal Advisor (OPLA). A fourth directorate – Management and Administration – supports the three operational branches to advance the ICE mission.

Derby is a town in Orleans County, Vermont, United States. The population was 4,604 at the 2000 census. The town contains four unincorporated villages: Beebe Plain, Clyde Pond, Lake Salem and North Derby; and two incorporated villages: Derby Center and Derby Line. The Town of Derby encompasses the largest area in Orleans County. The town lies in the northernmost part of Orleans County, forming part of Vermont’s border with Canada, and is otherwise bordered to the east by Holland, the southeast by Morgan and Charleston, the southwest by Coventry and Brownington, and to the west by Lake Memphremagog.

Investment Highlights

 

  • New 15 Year Lease (10-Year Firm) to Immigration and Customs Enforcement through September of 2032
  • U.S. Government Guarantee (AA+ Credit Rating, S&P)
  • Substantial Renovations to Suit ICE-Specific Operations
  • Immigration and Customs Enforcement has a current annual budget of 6 Billion

 

Facilities

Share this property:


Contact Agent

Geoff Ficke

First Vice President Investments Director, Net Leased Properties National Office and Industrial Properties

License: TX 0593051

Nicole Patel

Associate Directory / Capital Markets Specialist

Zack Ficke

Government Specialist

License: TX 688207