Federal Office Building
396 N CAMINO MERCADO Casa Grande, AZ 85122
396 N CAMINO MERCADO, Casa Grande, AZ, 85122
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For Sale
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Built in 1999, this 18,520-square-foot office building is 100% leased to GSA for U.S. Customs and Border Protection.
Property Size18,520 SF
Lot Size3.33 Acres
Price / SF$399.95
Days on Market44
Property Features for 396 N CAMINO MERCADO
General Information
- Standard status
- Active
- Size
- 18,520 SF
- Lot size
- 3.33 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing agency
Colliers - Dallas, Texas
(972) 759-7814
Listed by
Geoff Ficke · License #TX 0593051
Source
Crexi
Added: Jun 8 Updated: Jul 21 at 7:28AM Checked: Jul 21 at 7:28AM
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, Texas
Investment Insights
Based on property information with market context.
This office building constructed in 1999 provides a dedicated federal workplace for U.S. Customs and Border Protection under a GSA lease. The offering is 100% leased to the GSA, with operations tied to CBP’s federal mission and field presence across the United States.
The property is located at 396 North Camino Mercado in Casa Grande, Arizona, on 3.33 acres. Casa Grande sits in Pinal County between Phoenix and Tucson and is positioned in the Golden Corridor at the intersection of I-8 and I-10.
The building is a single, purpose-focused office asset designed for federal occupancy, currently supporting CBP field operations through the GSA-managed workplace framework.
The property is located at 396 North Camino Mercado in Casa Grande, Arizona, on 3.33 acres. Casa Grande sits in Pinal County between Phoenix and Tucson and is positioned in the Golden Corridor at the intersection of I-8 and I-10.
The building is a single, purpose-focused office asset designed for federal occupancy, currently supporting CBP field operations through the GSA-managed workplace framework.
Key Highlights
- 18,520 SF office building built in 1999
- 3.33‑acre site at 396 North Camino Mercado in Casa Grande, Arizona
- 100% leased to GSA for U.S. Customs and Border Protection (CBP)
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 | $431.1k | $23.28 |
| − Vacancy | −$90.5k | −$4.89 |
| EGI | $340.6k | $18.39 |
| − OpEx | −$85.2k | −$4.60 |
| NOI | $255.5k | $13.79 |
18,520 SF · lease $23.28/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.65M
$3.19M – $4.26M
NOI $255,454 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.12M
$4.48M – $5.97M
NOI $358,404 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
US Border Patrol
Security Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Built in 1999, this 18,520-square-foot office building is 100% leased to GSA for U.S. Customs and Border Protection.
Where is this office building located?
The property is located at 396 N CAMINO MERCADO Casa Grande, AZ.
What is the asking price?
The asking price for this property is $7,407,000.
What are key features of this property?
This property features: 18,520 SF office building built in 1999; 3.33‑acre site at 396 North Camino Mercado in Casa Grande, Arizona; 100% leased to GSA for U.S. Customs and Border Protection (CBP)
