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139 Southern Blvd 16,211 SF Office Building Savannah, GA 31405 $6,857,442 ($423.01/SF) 8.50% Cap Rate
Investment Highlights
- AA+ Credit Tenant
- Mission-Critical Federal Funding Tailwind
- Surplus Land Optionality
- Fresh 5-Year Renewal Executed
- Operationally Irreplaceable Location
- ???????Contractual Rent Growth
Executive Summary
The facility serves as CBP’s Savannah Operations Center, strategically positioned at the intersection of the nation’s fastest-growing container port, two Class I rail lines, and Savannah/Hilton Head International Airport. With no comparable alternative space in the market and high relocation costs, the asset offers exceptionally strong tenant retention and an operationally irreplaceable location.
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Built-to-suit in 2007 to CBP’s exact specifications, the 16,211 RSF asset sits on 9.12 acres with the current lease requiring only 3.89 acres, providing additional CBP expansion opportunities in the future or bifurcating the excess 5.23 acres of land for future development opportunities or sale. The property’s specialized buildout reinforces the long-term security of this investment.
Property Facts
Amenities
- Bus Line
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Public Administration
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$9.99
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Lorem Ipsum
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Jan 0000
U.S. Customs and Border Protection (CBP), a component of the U.S. Department of Homeland Security, is the nation’s largest federal law-enforcement agency and is charged with safeguarding America’s borders while facilitating lawful international travel and trade. Established in 2003, CBP operates from its primary Washington, D.C. offices at the Ronald Reagan Building at 1300 Pennsylvania Avenue NW. The agency’s mission includes preventing terrorism, securing and managing U.S. borders, enforcing immigration laws, and protecting the nation from illegal drugs, weapons, contraband, and unauthorized entry. CBP employs more than 45,000 agents, officers, and mission-support personnel who manage operations across air, land, and sea ports of entry. Its responsibilities include customs inspections, agricultural screening, Global Entry and Trusted Traveler program oversight, and emergency response activities.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 2074001016 | Improvements Assessment | $234,680 |
| Land Assessment | $593,400 | Total Assessment | $828,080 |
Property Taxes
Presented by
139 Southern Blvd
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