U.S. Customs and Border Protection

  • Government
El Paso
Location: Texas


Offering Memorandum
  • Building Size: 11,980 sq/ft
  • Cap Rate: 8.68 %
  • Status: Available
$2,700,000.00

Property Information

  • Type: Government
  • Net Operating Income : $234,459
  • Year Renovated : 2008
  • Price per sq/ ft : 239.98
  • Lot Size : 1.75 Acres
  • Year Built : 1973
  • Building Size : 11980
  • Cap Rate : 8.68
  • Status : Available

Investment Overview

U.S. Customs and Border Protection (CBP) is located at 8001 Lockheed in El Paso, Texas. The 11,980-square foot building was originally constructed in 1973 and is situated on 1.75 acres of land. In 2008, the property was completely renovated and underwent substantial improvements to meet the unique specifications of the USCBP, which took initial occupancy of the property beginning February of 2009.

U.S. Customs and Border Protection (CBP) is the largest federal law enforcement agency of the United States Department of Homeland Security. It is charged with regulating and facilitating international trade, collecting import duties, and enforcing U.S. regulations including trade, customs, and immigration. CBP is the largest law enforcement agency in the United States. It has a workforce of more than 45,600 sworn federal agents and officers. It has its headquarters in Washington, D.C.

El Paso is the county seat of El Paso County, Texas, situated in far West Texas. As of July 1, 2015, the population estimate from the U.S. Census was 681,124, making it the 19th most populous city in the United States. Its U.S. metropolitan area covers all of El Paso and Hudspeth counties, with a population of 831,036. El Paso stands on the Rio Grande, across the border from Juarez, Chihuahua, Mexico. The two cities, along with Las Cruces, form a combined international metropolitan area, sometimes referred to as the Paso del Norte, or El Paso-Juarez-Las Cruces, with over 2.7 million people. The El Paso-Juarez region is the largest bilingual, binational workforce in the Western Hemisphere. By 2040, El Paso is projected to grow another 69.7 percent.

Investment Highlights

 

  • 100% Leased to USCBP Through February of 2024
  • U.S. Government Guarantee – “AA+” Credit Rating by Standard & Poor’s
  • Mission Critical Facility Located on the El Paso International Airport Grounds
  • Recent Administrative Emphasis on Mexico Border Protection and Security
  • USCBPs FY 2019 Budget is Scheduled to Eclipse $16,690,317,000

Facilities

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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