139 Southern Boulevard
Savannah, GA | 5-Year Renewal | 8% Shell Rent Increase
Marketing description
The Ficke Team of Colliers is pleased to present the exclusive opportunity to acquire the U.S. Customs & Border Protection, Maritime Interagency Center of Operations, leased asset at 139 Southern Boulevard in Savannah, GA. CBP executed a fresh 5-year renewal in September 2025, reaffirming 18-plus years of uninterrupted occupancy at this purpose-built, mission-critical facility. With border security a defining national priority and CBP backed by over $6 billion in new federal funding, the property delivers investors a secure, government-guaranteed income stream with zero credit risk.
The facility serves as CBP’s Savannah Operations Center, strategically positioned at the intersection of the nation’s fastest-growing container port, two Class I rail lines, and Savannah/Hilton Head International Airport. With no comparable alternative space in the market and high relocation costs, the asset offers exceptionally strong tenant retention and an operationally irreplaceable location.
Built-to-suit in 2007 to CBP’s exact specifications, the 16,211 RSF asset sits on 9.12 acres with the current lease requiring only 3.89 acres, providing additional CBP expansion opportunities in the future or bifurcating the excess 5.23 acres of land for future development opportunities or sale. The property’s specialized buildout reinforces the long-term security of this investment.
Investment highlights
AA+ Credit Tenant
Lease is backed by the full faith and credit of the U.S. Federal Government, rated AA+ by S&P.
Fresh 5-Year Renewal Executed
CBP exercised its renewal just months ago, confirming long-term operational commitment to this location after 18-plus years of continuous occupancy.
Mission-Critical Federal Funding Tailwind
CBP is backed by over $6 billion in new federal funding under the current administration, reinforcing agency stability and long-term occupancy.
Operationally Irreplaceable Location
Positioned at the intersection of the nation’s fastest-growing container port, two Class I rail lines, and Savannah/Hilton Head International Airport.
Surplus Land Optionality
Only 3.89 of 9.12 total acres required under the current lease, providing future expansion potential or the ability to sell the excess 5.23 acres.
Contractual Rent Growth
Base rent increases from $37.76/SF to $40.76/SF at the start of the soft term, driving total rent to $49.00/SF or greater with CPI adjustments to the OpEx Rent and growing NOI through lease expiration.
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