Sperry Van Ness National GSA Team Inks $11 Million in Two Southwestern U.S. Property Sales

  

 PHOENIX, AZ– Just three months into the new year, the SVN National GSA Team of Mark Phillips and Tim Strange has accomplished $11 million in General Services Administration (GSA) transactions – a $6.95 million U.S. Border Patrol building sale in Deming, N.M. and the $4 million sale of a federal courthouse in Pecos, Texas.

Mark Phillips

In both deals, Phillips and Strange represented the property seller, Oklahoma-based Dominion Group, and Bruce Marshall, Managing Director of Sperry Van Ness/Datavest, Inc., represented the property buyer, UIR, a private equity group.

“Demand for GSA properties has continued to grow as investors seek out safer havens for investments in uncertain times,” said Phillips, who founded the SVN National GSA Team and is Managing Director of Phoenix-based Sperry Van Ness I MVP CRE Advisors.

Tim Strange

  “These two latest deals are great indicators that GSA demand has not stopped – that there is a fundamental strength to this type of asset that rises above market shifts.”

The 52,452-square-foot Deming Station is located at 3400 J Street in Deming, N.M, in the southwestern portion of the state and 35 miles north of the U.S. – Mexico border.

The one-story Class B property totals four buildings (administration/detention, maintenance, communication/tower and stables/kennels with air-conditioned support space) and amenities including an uninterruptible power supply, lighted helipad and state-of-the-art security.

Deming Station is occupied 24 hours a day, 365 days a year by 350 employees of the U.S. Border Patrol. It is also located within a High Intensity Drug Traffic Area, making it an essential agency in an essential geography. The facility has been fully occupied by the U.S. Border Patrol since it was built in 2000, continuing a local Border Patrol presence that dates back to 1927, when the first Deming Station was established with just two inspectors.

Totaling 41,146 square feet at 410 S. Cedar in Pecos, Texas, the two-story, Class A Pecos Division courthouse building comprises a full city block and houses the Federal Courts, U.S. Attorney’s office, Public Defender’s office, U.S. Marshall’s office and a congressional office. Interiors are customized to the requirements of the courts, including judges' chambers, courtrooms, security systems and separate elevators for judges, the public and prison uses.

“Typically, GSA investors look for a gateway city like Los Angeles, Houston or Seattle, but this buyer was fortunate to find the same characteristics in a very tertiary market,” said Phillips.

The Pecos Court Region serves nine counties totaling more than 91,000 square miles. It is located in a town that was ranked by Forbes magazine as the second fastest growing small town in the U.S. and it sits within a High Density Drug Traffic Area, making it mission critical in an essential geography.

  

For a complete copy of the company’s news release, please contact:

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com