Listed by Northmarq - Houston
$1,546,000
Social Security Administration
Details
APN 5993016348000
Property Type Office
Sub Type Government
Square Footage 6,450
Units 1
Cap Rate 7.75%
NOI $119,807
Occupancy 100%
Tenancy Single
Lease Expiration 10/18/2030
Year Built 2010
Buildings 1
Stories 1
Acreage 0.930
Lease Commencement 10/19/2010
Social Security Administration | U.S. Government Credit | 15-Year Tenure | Over $241K of Recent Cape
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building & land of the single-tenant United States Government office facility located in Ahoskie, North Carolina (the "Property"). The Property is leased to the United States of America operating as the Social Security Administration ("SSA"). The U.S. Government carries an investment-grade credit rating of AA+ by Standard & Poor's and Aa1 by Moody's.
Investment highlights
- United States Federal Government Credit
- Long-Term Tenant
- Significant CAPEX Investment
- Purpose-Built for the SSA
- Sticky Tenant / Strong Regional Location
- Ahoskie, NC
Listing Contacts
Listed by Northmarq - Houston
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,807.00
$9,983.92/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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