Investment Overview

Marcus & Millichap is pleased to present the Department of Homeland Security facility located at 3197 Executive Drive in San Angelo, Texas. The property is a mission critical office occupied by Homeland Security Investigations (HSI), a division of the Department of Homeland Security, serving as a key regional office supporting investigative and administrative operations throughout West Texas. The building underwent a complete remodel in 2014, including a full gut down to the sidewalls and a custom build to federal government specifications. The renovation included upgraded security systems, reinforced infrastructure, and specialized interior improvements designed specifically for DHS, ensuring long term operational efficiency and compliance with federal security requirements. In 2024, the U.S. General Services Administration executed a lease renewal on behalf of DHS, reaffirming the agency’s long term commitment to the facility. The renewal extends tenancy through September 2041, with a firm term in place through September 2039, providing more than fifteen years of guaranteed federal income. The lease is structured as a fully serviced GSA lease, with the government reimbursing all operating expenses, resulting in minimal landlord obligations and highly predictable cash flow. Strategically positioned within San Angelo’s primary professional office corridor, the property benefits from excellent accessibility to Highway 67, proximity to the city’s core, and a surrounding base of government, defense, and private sector users that support the region’s economy. This offering presents an opportunity to acquire a mission critical federal facility backed by the full faith and credit of the United States government. With a recently renewed long term lease, extensive government funded improvements, the asset provides investors with secure, stable income in a growing Texas market.