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Easterly Sells Chula Vista U.S. Customs & Border Protection Facility
Washington, D.C.-based Easterly Government Properties, Inc. sold a 59,322-square-foot U.S. Customs and Border Protection (CBP) facility located in Chula Vista, CA. Constructed in 1998, CBP – Chula Vista is a build-to-suit property that serves as the San Diego Sector Headquarters. The buyer and sales price were undisclosed.
The facility covers all of San Diego County, and oversees eight CBP stations in various submarkets for total coverage of 7,000 square miles. The facility is 100% occupied by CBP, and the lease was recently renewed for a 10-year term, expiring in 2028.
Easterly’s William C. Trimble, III says, “CBP – Chula Vista was acquired as part of our formation transactions at the time of our initial public offering. With a recently executed lease renewal, we were well poised to earn an attractive yield on this disposition while simultaneously lowering the average age of the company’s overall portfolio.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


