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INVESTMENT HIGHLIGHTS
- Significant federal investment underscores the critical role of the International Falls land port of entry
- U.S. Customs and Border Protections – S&P AA+ rating
- Long-term lease providing stable cash flow
- Located in one of the busiest land ports of entry in Minnesota
EXECUTIVE SUMMARY
Built in 2009, the building comprises 33,000 rentable square feet on 10.5 acres. It is currently 100% occupied by the U.S. Customs and Border Protection (USCBP). The USCBP occupies the space under a Modified Gross lease structure with a 20-year term.
The U.S. Customs and Border Protection (CBP) is a federal agency within the Department of Homeland Security responsible for safeguarding America’s borders while facilitating lawful international trade and travel. CBP enforces customs, immigration, and agricultural laws at over 300 ports of entry and along the nation’s borders; collects import duties and tariffs; and protects the U.S. economy by preventing illegal goods, narcotics, and counterfeit products from entering the country. The agency also plays a critical role in national security by screening travelers and cargo for potential threats and administering programs such as Global Entry and Trusted Traveler to expedite lawful travel.
CBP field offices and border stations provide a broad range of inspection and enforcement services for travelers and cargo. Services include: customs clearance, immigration processing, agricultural inspections, trade compliance, cargo security screening, and traveler facilitation programs. Officers conduct inspections to verify documentation, assess duties, and enforce compliance with U.S. laws. Individuals requiring secondary review or enforcement action are processed, detained if necessary, and either admitted, refused entry, or referred to appropriate authorities.
International Falls hosts one of the busiest land ports of entry in Minnesota, directly across the border from Fort Frances, Ontario. This port is open 24 hours a day, seven days a week, and handles significant volumes of passenger and commercial traffic via Highway 53 and the International Bridge. It supports multiple facilities, including the Falls International Airport, which serves as an international airport and port of entry for general aviation and commercial flights, and the Rainer rail cargo processing center, which manages cross-border freight. The port also oversees agricultural inspections, NEXUS enrollment services, and seasonal seaplane bases in the region. Due to its high traffic and strategic importance, the International Falls port is undergoing a major modernization and expansion project, increasing its footprint from 1.6 acres to 20 acres and upgrading facilities to accommodate CBP, USDA, and FDA operations, improve security, and streamline trade and travel. This project, with an estimated cost of $243–$297 million, is currently in the design phase, with construction planned to begin in 2026.
PROPERTY FACTS
AMENITIES
- Security System
- 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) is a federal agency under the Department of Homeland Security charged with securing U.S. borders, facilitating lawful trade and travel, and enforcing customs regulations. The Richmond–Petersburg Port of Entry office, located in Suite 104 at Ivor Massey Building, 5707 Huntsman Road (Richmond International Airport), serves as a critical point for aircraft, cargo, mail, and trusted traveler programs in the region. It processes international arrivals, issues landing permits, and supports Global Entry enrollments on specified days. The office operates Monday through Friday from 8:00?AM to 5:00?PM, handling both passenger and freight customs responsibilities. Staffed by customs officers and overseen by a Port Director, the Richmond Port functions as part of CBP’s network of nationwide ports and enrollment centers.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 92-060-00310 | Improvements Assessment | $2,609,900 |
| Land Assessment | $373,500 | Total Assessment | $2,983,400 |
PROPERTY TAXES
Presented by
312 Highway 11 E
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