Single-Tenant Government Office
210 Beiser Blvd Dover, DE 19904
210 Beiser Blvd, Dover, DE, 19904
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For Sale
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Single-tenant office facility leased to DHS under a new 10-year firm lease with CPI-based operating expense escalations.
Property Size9,967 SF
Price / SF$249.02
Days on Market97
Property Features for 210 Beiser Blvd
General Information
- Standard status
- Active
- Size
- 9,967 SF
- Property subtype
- OFFICE
Listing agency
Colliers | Dallas
(859) 907-2006
Listed by
Geoff Ficke · License #0593051
(859) 907-2006
Source
Moodyscre
Added: Apr 16 Updated: Jul 20 at 7:19PM Checked: Jul 21 at 5:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Dallas
Investment Insights
Based on property information with market context.
The property is a single-tenant, mission-critical government office facility totaling 9,967 SF on 1.9 acres, recently renovated with tenant-directed improvements. It is 100% occupied by the U.S. Department of Homeland Security (DHS) under a new 10-year firm lease running from 2023 through 2033, with no early termination options. The lease is structured as a modified gross arrangement with annual CPI-based operating expense escalations.
This is a fee-simple investment offering built-in inflation protection through the CPI provisions and long-term occupancy backed by a federally supported tenant. The investment is identified as an Opportunity Zone location, and the remarks cite an AA+ S&P credit rating for DHS. Current information also describes an initial price of $249/SF and a 7.75% cap rate for risk-adjusted returns.
This is a fee-simple investment offering built-in inflation protection through the CPI provisions and long-term occupancy backed by a federally supported tenant. The investment is identified as an Opportunity Zone location, and the remarks cite an AA+ S&P credit rating for DHS. Current information also describes an initial price of $249/SF and a 7.75% cap rate for risk-adjusted returns.
Key Highlights
- Single‑tenant government investment property leased to U.S. Department of Homeland Security (DHS) with secure, federally backed cash flow
- 100% occupied, mission‑critical DHS facility totaling 9,967 SF on 1.9 acres in Dover, Delaware
- New 10‑year firm lease (2023–2033) with no early termination options for long‑term tenant commitment
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $232.0k | $23.28 |
| − Vacancy | −$51.5k | −$5.17 |
| EGI | $180.5k | $18.11 |
| − OpEx | −$45.1k | −$4.53 |
| NOI | $135.4k | $13.58 |
9,967 SF · lease $23.28/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.26M
NOI $135,391 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,682 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
INS dover office
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Single-tenant office facility leased to DHS under a new 10-year firm lease with CPI-based operating expense escalations.
Where is this office building located?
The property is located at 210 Beiser Blvd Dover, DE.
What is the asking price?
The asking price for this property is $2,482,000.
What are key features of this property?
This property features: Single‑tenant government investment property leased to U.S. Department of Homeland Security (DHS) with secure, federally backed cash flow; 100% occupied, mission‑critical DHS facility totaling 9,967 SF on 1.9 acres in Dover, Delaware; New 10‑year firm lease (2023–2033) with no early termination options for long‑term tenant commitment
