HOUSE_OVERSIGHT_018731.jpg
3 MB
Extraction Summary
4
People
7
Organizations
4
Locations
2
Events
5
Relationships
3
Quotes
Document Information
Type:
Real estate investment offering / marketing brochure
File Size:
3 MB
Summary
This document is a real estate investment offering from Stan Johnson Company for a new government facility on St. Thomas, U.S. Virgin Islands. The property is a 12,770 sq. ft. office building to be 100% leased by the GSA for use by the Citizenship and Immigration Services (CIS), with a 10-year guaranteed lease. The document, dated post-mid-2014, seeks an investor to fund development costs and purchase the property, which is being developed by Hoover Properties. Despite the prompt's context, the document itself contains no mention of Jeffrey Epstein or any of his known associates or properties.
People (4)
| Name | Role | Context |
|---|---|---|
| Ownership | Property Owner/Seller |
The entity that owns the land and is being represented by Stan Johnson Company to find investors. Closed on the purch...
|
| Developer (Hoover Properties) | Developer |
The developer of the property, Hoover Properties, has completed 29 other build-to-suit projects for the U.S. Government.
|
| Investor/Purchaser | Buyer/Funder |
Qualified investors are sought to fund 100% of the development costs and subsequently purchase the property.
|
| Broker | Agent |
Mentioned as the point of contact for more information on the developer's track record. Implied to be Stan Johnson Co...
|
Organizations (7)
| Name | Type | Context |
|---|---|---|
| Stan Johnson Company |
The real estate investment company offering the property for sale/investment on behalf of 'Ownership'.
|
|
| General Services Administration (GSA) |
The U.S. Government agency that will lease the property, guaranteeing the lease. It is also contributing financially ...
|
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| U.S. Government |
The lessee of the property.
|
|
| Department of Homeland Security |
The parent department of the occupying agency, CIS.
|
|
| Citizenship and Immigration Services (CIS) |
The agency that will occupy the facility. The building will serve as a consolidation of its facilities from St. Croix...
|
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| Hoover Properties |
The developer of the project, with a track record of 29 GSA projects.
|
|
| LEED |
Leadership in Energy and Environmental Design. The building's interior will be constructed to meet LEED for Commercia...
|
Timeline (2 events)
Post mid-2014
An investment and acquisition opportunity is offered for a new, to-be-built GSA facility to house the Citizenship and Immigration Services.
St. Thomas, USVI
Locations (4)
| Location | Context |
|---|---|
|
The location of the subject property.
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|
|
The specific area on the East side of St. Thomas where the 1.89-acre site is located.
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|
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Location of a current CIS facility that will be consolidated into the new building.
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Location of a current CIS facility that will be consolidated into the new building.
|
Relationships (5)
Stan Johnson Company is offering the property 'on behalf of Ownership'.
U.S. Government (GSA)
→
Lessor-Lessee
→
Future Property Owner (Investor)
The property is '100% Leased to and Guaranteed by the US General Services Administration'.
Citizenship and Immigration Services (CIS)
→
Occupant
→
The Property
The property is 'occupied by the Citizenship and Immigrations Services (CIS) agency'.
Hoover Properties
→
Developer
→
The Property
The document identifies 'The developer, Hoover Properties'.
The deal structure involves qualified investors funding and 'subsequently purchasing the property'.
Key Quotes (3)
"Stan Johnson Company is pleased to offer to qualified investors, on behalf of Ownership, a unique pre-sale/JV investment & acquisition opportunity for a 100% fee simple interest in a brand new, to-be-built General Services Administration (GSA) facility."Source
HOUSE_OVERSIGHT_018731.jpg
Quote #1
"Property will be a modern two-story split level, state of the art, public office facility, built to withstand a CAT V hurricane"Source
HOUSE_OVERSIGHT_018731.jpg
Quote #2
"The subject Property is mission critical to CIS as it will house a consolidation of multiple CIS facilities including current facilities in St. Croix and Charlotte Amalie."Source
HOUSE_OVERSIGHT_018731.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (3,383 characters)
site
view looking southwest towards site
cemetery
Subject Property Site
Page 5
The Offering
Stan Johnson Company is pleased to offer to qualified investors, on behalf of Ownership, a unique pre-sale/JV investment & acquisition opportunity for a 100% fee simple interest in a brand new, to-be-built General Services Administration (GSA) facility. The Property is leased to the U.S. Government and is occupied by the Citizenship and Immigrations Services (CIS) agency, and is located on the island of St. Thomas in the U.S. Virgin Islands.
The proposed deal structure is a forward commitment acquisition, with the purchaser funding 100% of development costs, receiving a preferred rate of return on their outstanding equity during development, and subsequently purchasing the property upon rent commencement at a pre-determined cap rate. Ownership closed on the purchase of the underlying land in mid-2014 and is ready to start construction immediately. Qualified investors are encouraged to submit bids outlining their proposed terms & structure, to be reviewed by Ownership.
The Property will be developed on an exceptionally well located site. It will be a 100% occupied, free standing, two-story office property of approximately 12,770 square feet on 1.89 acres. The site is located in Smith Bay on the East side of the island of St. Thomas in the US, Virgin Islands. The GSA will be operating under a new, 10-year base lease term.
The subject Property is mission critical to CIS as it will house a consolidation of multiple CIS facilities including current facilities in St. Croix and Charlotte Amalie. The Property will serve as the CIS center for the entire St. Thomas region to welcome and educate future US citizens. The Property is a unique opportunity for an investor to acquire a new construction property 100% leased to the GSA, while earning additional income through funding of development costs.
Investment Highlights
100% Leased to and Guaranteed by the US General Services Administration - Property to house the Department of Homeland Security's Citizenship and Immigration Services agency
Class A Asset with Long Term Residual Value - Property will be a modern two-story split level, state of the art, public office facility, built to withstand a CAT V hurricane
Brand New 10-Year Base Lease Term - Newly signed 10-year lease, which is non-cancellable for the first ten years, at a full service rate of $49.55 per RSF
Mission Critical Facility - The subject Property is truly mission critical as it will house a consolidation of multiple CIS facilities and serves as the CIS center for the entire St. Thomas region to welcome and educate future US citizens
Strong Developer Track Record of GSA Projects - The developer, Hoover Properties, has successfully completed 29 different build-to-suit developments for the U.S. Government for a wide range of agencies. Inquire with broker for additional information.
GSA's Financial Contribution to Tenant Improvements - The GSA is contributing almost $1 million toward interior buildout at the Property, well in excess of the developer's $665,000 contribution
LEED® Certified Building - The Property's interior space will be constructed to meet the requirements of LEED for Commercial Interiors
GSA Investment & Acquisition Opportunity | St Thomas, USVI
Stan Johnson Company | THE NET LEASE AUTHORITY®
HOUSE_OVERSIGHT_018731
view looking southwest towards site
cemetery
Subject Property Site
Page 5
The Offering
Stan Johnson Company is pleased to offer to qualified investors, on behalf of Ownership, a unique pre-sale/JV investment & acquisition opportunity for a 100% fee simple interest in a brand new, to-be-built General Services Administration (GSA) facility. The Property is leased to the U.S. Government and is occupied by the Citizenship and Immigrations Services (CIS) agency, and is located on the island of St. Thomas in the U.S. Virgin Islands.
The proposed deal structure is a forward commitment acquisition, with the purchaser funding 100% of development costs, receiving a preferred rate of return on their outstanding equity during development, and subsequently purchasing the property upon rent commencement at a pre-determined cap rate. Ownership closed on the purchase of the underlying land in mid-2014 and is ready to start construction immediately. Qualified investors are encouraged to submit bids outlining their proposed terms & structure, to be reviewed by Ownership.
The Property will be developed on an exceptionally well located site. It will be a 100% occupied, free standing, two-story office property of approximately 12,770 square feet on 1.89 acres. The site is located in Smith Bay on the East side of the island of St. Thomas in the US, Virgin Islands. The GSA will be operating under a new, 10-year base lease term.
The subject Property is mission critical to CIS as it will house a consolidation of multiple CIS facilities including current facilities in St. Croix and Charlotte Amalie. The Property will serve as the CIS center for the entire St. Thomas region to welcome and educate future US citizens. The Property is a unique opportunity for an investor to acquire a new construction property 100% leased to the GSA, while earning additional income through funding of development costs.
Investment Highlights
100% Leased to and Guaranteed by the US General Services Administration - Property to house the Department of Homeland Security's Citizenship and Immigration Services agency
Class A Asset with Long Term Residual Value - Property will be a modern two-story split level, state of the art, public office facility, built to withstand a CAT V hurricane
Brand New 10-Year Base Lease Term - Newly signed 10-year lease, which is non-cancellable for the first ten years, at a full service rate of $49.55 per RSF
Mission Critical Facility - The subject Property is truly mission critical as it will house a consolidation of multiple CIS facilities and serves as the CIS center for the entire St. Thomas region to welcome and educate future US citizens
Strong Developer Track Record of GSA Projects - The developer, Hoover Properties, has successfully completed 29 different build-to-suit developments for the U.S. Government for a wide range of agencies. Inquire with broker for additional information.
GSA's Financial Contribution to Tenant Improvements - The GSA is contributing almost $1 million toward interior buildout at the Property, well in excess of the developer's $665,000 contribution
LEED® Certified Building - The Property's interior space will be constructed to meet the requirements of LEED for Commercial Interiors
GSA Investment & Acquisition Opportunity | St Thomas, USVI
Stan Johnson Company | THE NET LEASE AUTHORITY®
HOUSE_OVERSIGHT_018731
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