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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.
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| 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.
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| 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.
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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
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