GSA - MEPS

El Segundo, CA

Property Type Office
Property Use Government
Lease Type Modified Gross
Remaining Term +/- 8 yrs
Building Size +/- 32,980 SF
Current NOI $2,111,510


Closed

Trophy Asset

The Property is located in the South Bay of Los Angeles County between the Pacific Ocean and Interstate 405 near many affluent communities of Southern California including Manhattan Beach and Santa Monica.  

Irreplaceable Location

The Tenant specifically identified a corridor in which the Operator could situate its Los Angeles facility. There is a lack of developable land or sites available to effectuate a replacement of the current facility at another location.

Institutional Quality Construction

From its architectural design to its blast-proof windows, this 2009 build is top of the line construction quality and will provide prospective ownership and the Tenant with ample useful life for years to come.

Strategic Access

Direct access to LAX, I-105 and I-405 makes this location ideal for the Tenant given its access to one of the most densely populated regions of the country including over three million residents within a 30-minute drive.

Top Three MSA

Los Angeles County is the most populated county in the United States. The Greater Los Angeles Metropolitan area is the third largest economy in the world, just behind Tokyo and New York.

Government Lease

The debts and obligations incurred by the GSA are backed by the Government of the United States of America.

High Likelihood of Renewal

The GSA has a market leading retention rate of its build-to-suit leases and generally are long-term tenants. 

Strong Credit

The United States Government carries an investment-grade credit rating by all major rating agencies including an AA+/Stable rating from Standard & Poor’s.

Favorable Lease

With over eight years remaining, brand new construction and strong rental increases every three years, the Lease provides prospective investors stable and increasing returns for years to come.

High Volume Location

The Property serves as the largest and highest volume of the 65 locations it operates nationwide including an estimated 400 recruits processed daily.

Military Operator

The Property is used primarily in a military and defense related capacities and as such is well insulated from potential discretionary budget cuts in the future.

Location Overview

Situated minutes from Los Angeles International Airport, Interstate 105 and Interstate 405, the location is ideal for the Tenant given its access to one of the most densely populated regions of the country including over three million residents within a 30-minute drive. Los Angeles County is the most populated county in the United States. The Greater Los Angeles Metropolitan area is the second largest in the United States and the third largest economy in the world, just behind Tokyo and New York.

Ken Hedrick
Managing Director
khedrick@stanjohnsonco.com
918.794.9568
 

Scott Briggs
Associate
sbriggs@stanjohnsonco.com
918.794.9787

D. Andrew Ragsdale
Associate Director
aragsdale@stanjohnsonco.com
918.794.9558

Sam Alison
Regional Director - Local Market Contact
salison@stanjohnsonco.com
213.417.9375
CA License #01167124

Jerry Hopkins
Senior Director
jhopkins@stanjohnsonco.com
918.794.9536

Stan Johnson Company

6120 South Yale Avenue, Suite 300
Tulsa, OK 74136
P: 918-494-2690

801 South Figueroa Street, Suite 950
Los Angeles, CA 90017
P: 213-417-9380

stanjohnsonco.com

CIty, ST
Price | Cap Rate

CIty, ST
Price | Cap Rate

CIty, ST
Price | Cap Rate