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24187936

2 Locations

JG
CA 01819611
AiCRE Partners
KE
CA CA 01896322
AiCRE Partners
Listed by AiCRE Partners
$955,000
544 days on market
Updated 8 days ago
Opportunity zone

Social Security (SSA) Mine Safety & Health (MSHA) Offices

Details
APN 07-21-302-017/07-20-409-010
Property Type Office, Retail
Sub Type Traditional Office
Square Footage 8,365
Net Rentable (SqFt) 8,365
Occupancy 100%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 8.27%
Pro-Forma NOI $78,951
Class A
Year Built 2002/2003
Buildings 2
Acreage 1.670
Tenant Credit Credit Rated
Ownership Fee Simple

Office | 8,365 SqFt

Marketing description

Seize this exclusive investment opportunity to acquire the fee simple interest in two prime properties, leased by the U.S. Federal Government, located in the heart of Fort Dodge, IA. These properties are tenanted by the Social Security Administration (SSA) and the Mine Safety & Health Administration (MSHA), offering a stable and secure investment backed by the full faith and credit of the U.S. Government.

Property Details:

  • Address:

    • 2315 2nd Ave N, Fort Dodge, IA 50501

    • 1615 Central Ave, Fort Dodge, IA 50501

  • Rentable Area:

    • SSA: 5,260 SF

    • MSHA: 3,105 SF

  • Land Area:

    • SSA: 1.35 Acres

    • MSHA: 0.32 Acres

  • Lease Type: Modified Gross

  • Lease Term Remaining:

    • SSA: Approximately 4.3 Years

    • MSHA: Approximately 12.9 Years

  • Ownership: Fee Simple

Location Highlights:

These properties are strategically located in Fort Dodge, IA, with easy access to major roads and essential amenities:

  • Close proximity to Fort Dodge Regional Airport

  • Nearby recreational areas such as Snell-Crawford Park and Becker Wildlife Area

  • Convenient access to UnityPoint Health Trinity Regional Medical Center

  • Strong local economy with projected population growth and increasing household incomes

Investment highlights

  • Stable Federal Government Tenants: Leases guaranteed with the full faith and credit of the U.S. Government (S&P AA+ credit rating).

  • Long-Term Operating History: Both properties were built-to-suit for the General Services Administration in 2002 & 2003, ensuring they meet specific governmental standards and requirements.

  • Essential Service Providers: The SSA and MSHA provide crucial services to the community, contributing to the properties' long-term viability and importance within the area.

  • Low Tenant Turnover: Government agencies tend to remain in the same location for extended periods, minimizing tenant turnover and reducing the costs and hassles associated with finding new tenants.

Listing Contacts

JG
CA 01819611
AiCRE Partners
KE
CA CA 01896322
AiCRE Partners
Listed by AiCRE Partners

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