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Single-Tenant Office

US Citizenship & Immigration Services

1543 Atwood Ave, Johnston, RI 02919

Listing Price: $10,920,000

Cap Rate
5.50%
Gross SF
20,560
Rentable SF
20,560
Price/Gross SF
$531.13
Lot Size
1.94 acres
Year Built
2008

Investment Overview

The General Services Administration (GSA) was established by President Harry Truman in 1949 to streamline the administrative work of the Federal Government. GSA consolidated the National Archives Establishment, the Federal Works Agency, the Public Buildings Administration, the Bureau of Federal Supply, the Office of Contract Settlement, and the War Assets Administration into one federal agency tasked with administering supplies and providing workplaces for federal employees. Today, the mission of the GSA has evolved to provide stewardship of the way the government uses and provides real estate, acquisition services, and technology. Throughout the 50 States, five Territories, and the District of Columbia, GSA’s Public Buildings Service (PBS) manages one of the Nation’s largest and most diverse real estate portfolios, housing nearly 1 million Federal employees. As the largest landlord in the United States, PBS owns and leases more than 8,800 assets and maintains an inventory of more then 370 million square feet of rentable workspace. GSA’s inventory of assets comprises 413 buildings listed in the National Register of Historic Places and 99 buildings eligible for constructing, leasing, and when necessary, disposing of surplus properties for 50 Federal departments and agencies. GSA’s Federal Acquisition Service (FAS) uses the collective buying power of the Federal Government to acquire goods and services to support agency customers. FAS offers Federal agencies more than 31 million different products and services and in fiscal year 2021, FAS delivered $84 billion in information technology (IT) products, services, and solutions. FAS’s Technology Transformation Services and IT portfolios improve the public’s digital interactions with Government by providing technology consulting services, good-for-Government shared applications, platforms, and processes to make agencies’ services more accessible, efficient, and effective for the American people. The Office of Government-wide Policy (OGP) uses policies, data, and strategy to drive efficiency, excellence, and dynamic mission delivery across the Federal Government. OGP focuses on key administrative areas such as shared services, travel and transportation, acquisition, acquisition workforce development, fleet management, information technology modernization, and real estate management. OGP influences agency behavior in these areas through the development of Government-wide policies, performance standards, benchmarking resources, and transparent reporting of Government-wide data.

Investment Highlights

  • AA+ Credit Rating
  • LEED Silver Certified Building
  • GSA has Market-Leading Retention Rate of Build-to-Suit Leases

Exclusively Listed By

  • Laurie Ann Drinkwater

    Senior Vice President Investments

    (617) 896-7230

    Email Laurie Ann

    License(s): CT: REB.0751880, MA: 147511, RI: B 16787

    Boston

  • Seth J. Richard

    Licensed Real Estate Salesperson

    (212) 430-5164

    Email Seth

    License(s): CT: RES- 0764595, NY: 10401275108, MA: 149700

    Manhattan

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s) RI: REB.0019374

    Rhode Island

Single-Tenant Office

US Citizenship & Immigration Services

Listing Price: $10,920,000

Cap Rate
5.50%
Gross SF
20,560
Rentable SF
20,560
Price/Gross SF
$531.13
Lot Size
1.94 acres
Year Built
2008

Investment Highlights

  • AA+ Credit Rating
  • LEED Silver Certified Building
  • GSA has Market-Leading Retention Rate of Build-to-Suit Leases

Investment Overview

The General Services Administration (GSA) was established by President Harry Truman in 1949 to streamline the administrative work of the Federal Government. GSA consolidated the National Archives Establishment, the Federal Works Agency, the Public Buildings Administration, the Bureau of Federal Supply, the Office of Contract Settlement, and the War Assets Administration into one federal agency tasked with administering supplies and providing workplaces for federal employees. Today, the mission of the GSA has evolved to provide stewardship of the way the government uses and provides real estate, acquisition services, and technology. Throughout the 50 States, five Territories, and the District of Columbia, GSA’s Public Buildings Service (PBS) manages one of the Nation’s largest and most diverse real estate portfolios, housing nearly 1 million Federal employees. As the largest landlord in the United States, PBS owns and leases more than 8,800 assets and maintains an inventory of more then 370 million square feet of rentable workspace. GSA’s inventory of assets comprises 413 buildings listed in the National Register of Historic Places and 99 buildings eligible for constructing, leasing, and when necessary, disposing of surplus properties for 50 Federal departments and agencies. GSA’s Federal Acquisition Service (FAS) uses the collective buying power of the Federal Government to acquire goods and services to support agency customers. FAS offers Federal agencies more than 31 million different products and services and in fiscal year 2021, FAS delivered $84 billion in information technology (IT) products, services, and solutions. FAS’s Technology Transformation Services and IT portfolios improve the public’s digital interactions with Government by providing technology consulting services, good-for-Government shared applications, platforms, and processes to make agencies’ services more accessible, efficient, and effective for the American people. The Office of Government-wide Policy (OGP) uses policies, data, and strategy to drive efficiency, excellence, and dynamic mission delivery across the Federal Government. OGP focuses on key administrative areas such as shared services, travel and transportation, acquisition, acquisition workforce development, fleet management, information technology modernization, and real estate management. OGP influences agency behavior in these areas through the development of Government-wide policies, performance standards, benchmarking resources, and transparent reporting of Government-wide data.

Exclusively Listed By

  • Laurie Ann Drinkwater

    Senior Vice President Investments

    (617) 896-7230

    Email Laurie Ann

    License(s): CT: REB.0751880, MA: 147511, RI: B 16787

    Boston

  • Seth J. Richard

    Licensed Real Estate Salesperson

    (212) 430-5164

    Email Seth

    License(s): CT: RES- 0764595, NY: 10401275108, MA: 149700

    Manhattan

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s): RI: REB.0019374

    Rhode Island

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