U.S. Dept of Homeland Security Field Office | 800 Truxtun Ave
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U.S. Dept of Homeland Security Field Office 800 Truxtun Ave
53,393 SF Office Building Bakersfield, CA 93301 For Sale 6.50% Cap Rate
Investment Highlights
- Single-tenant facility leased to the U.S. Federal Government
- Highly specialized and secure facility with features that include sally port, detention cells, secure building areas including storage of evidence and
- Lease guaranteed by the full faith and credit of the United States of America, featuring an AAA credit rating and unrivaled income security
- Located in the downtown / Central Business District of Bakersfield, California, the subject property benefits from significant barriers to replacement
Executive Summary
100% LEASED to the U.S. FEDERAL GOVERNMENT
Single-tenant facility leased to the U.S. Federal Government, with lease guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating and unrivaled income security
LONG-TERM LEASE RENEWAL
Lease renewal in June 2022 for a new 20-year term, with corresponding extensive capital upgrades to the facility, demonstrating ongoing tenant commitment
ESSENTIAL OPERATIONS for DEPT of HOMELAND SECURITY
The Homeland Security Immigration and Customs Enforcement Field Office houses two essential divisions of ICE: Enforcement & Removal Operations is responsible for a significant area of regional coverage including the counties of Kern, Inyo, Mono, and southern half of Tulare; Homeland Security Investigations is responsible for investigating a wide range of domestic and international activities arising from the illegal movement of people and goods into, within and out of the United States. HSI investigates immigration crime, human rights violations and human smuggling, smuggling of narcotics, weapons and other types of contraband, financial crimes, cybercrime and export enforcement issues
HIGHLY SPECIALIZED and SECURE FACILITY
Field Office location for the U.S. Department of Homeland Security (DHS), Immigration and Customs Enforcement (ICE); highly specialized and secure facility, with improvements constructed in accordance with the extensive requirements of ICE to serve the unique tenant mission, with features that include sally port, detention cells, secure building areas including storage of evidence and weapons, perimeter security fencing, blast-resistant glass, and other Level III security features per ISC standards
DOWNTOWN BAKERSFIELD LOCATION
Located in the downtown / Central Business District of Bakersfield, California, the subject property benefits from significant barriers to replacement due to the difficulty of achieving this location profile for the specific use of ICE; strategic proximity less than one mile from the Mesa Verde ICE Processing Facility within Mesa Verde Community Correctional
Single-tenant facility leased to the U.S. Federal Government, with lease guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating and unrivaled income security
LONG-TERM LEASE RENEWAL
Lease renewal in June 2022 for a new 20-year term, with corresponding extensive capital upgrades to the facility, demonstrating ongoing tenant commitment
ESSENTIAL OPERATIONS for DEPT of HOMELAND SECURITY
The Homeland Security Immigration and Customs Enforcement Field Office houses two essential divisions of ICE: Enforcement & Removal Operations is responsible for a significant area of regional coverage including the counties of Kern, Inyo, Mono, and southern half of Tulare; Homeland Security Investigations is responsible for investigating a wide range of domestic and international activities arising from the illegal movement of people and goods into, within and out of the United States. HSI investigates immigration crime, human rights violations and human smuggling, smuggling of narcotics, weapons and other types of contraband, financial crimes, cybercrime and export enforcement issues
HIGHLY SPECIALIZED and SECURE FACILITY
Field Office location for the U.S. Department of Homeland Security (DHS), Immigration and Customs Enforcement (ICE); highly specialized and secure facility, with improvements constructed in accordance with the extensive requirements of ICE to serve the unique tenant mission, with features that include sally port, detention cells, secure building areas including storage of evidence and weapons, perimeter security fencing, blast-resistant glass, and other Level III security features per ISC standards
DOWNTOWN BAKERSFIELD LOCATION
Located in the downtown / Central Business District of Bakersfield, California, the subject property benefits from significant barriers to replacement due to the difficulty of achieving this location profile for the specific use of ICE; strategic proximity less than one mile from the Mesa Verde ICE Processing Facility within Mesa Verde Community Correctional
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
53,393 SF
Building Class
B
Year Built/Renovated
1962/2002
Cap Rate
6.50%
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
14,138 SF
Slab To Slab
11’
Building FAR
0.73
Land Acres
1.69 AC
Opportunity Zone
Yes
Zoning
CC - Commercial
Parking
91 Spaces (1.7 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
1 of 1
Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 006-230-06-00-7 | Improvements Assessment | $3,499,959 |
| Land Assessment | $768,073 | Total Assessment | $4,268,032 |
PROPERTY TAXES
Parcel Number
006-230-06-00-7
Land Assessment
$768,073
Improvements Assessment
$3,499,959
Total Assessment
$4,268,032
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Travis Trautvetter -
Kari Fiske - GOVT Real Estate Group
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U.S. Dept of Homeland Security Field Office | 800 Truxtun Ave
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