Listed by Matthews
$2,274,000
Social Security Administration
Details
Property Type Office
Sub Type Government office
Square Footage 13,181
Units 3
Cap Rate 9.00%
NOI $204,681
Occupancy 100%
Tenancy Single
Lease Type Gross
Remaining Term 4.7
Price per SqFt $173
Year Built 2001
Government-Anchored Office Investment with AAA Credit and 9.0% Cap Rate
Investment highlights
- U.S. Government-Anchored Tenancy (Aaa Credit): Anchored by the Social Security Administration and supported by the United States Department of Agriculture, the leases are backed by the full faith and credit of the United States Government (AAA-rated by Moody’s), providing exceptional income security and reliability.
- Recent Lease Extensions With Strong Term Remaining: The SSA has executed a brand-new 5-year lease extension through June 21, 2031, while the USDA lease runs through June 21, 2030. These recent renewals demonstrate tenant commitment and provide stable, government-backed cash flow with minimal near-term rollover risk.
- Diversified Tenant Mix With Professional Services Component: In addition to federal tenancy, the property includes McCravy Newlon & Sturkie Law Firm, offering a complementary private-sector income stream and enhancing overall rent diversification.
- Strong In-Place Cash Flow With Attractive Yield: Offered at a 9.0% cap rate, the asset presents an opportunity to acquire a government-anchored property at a favorable yield, with potential upside through future lease renewals and income growth.
- Essential Government Service Hub: As The Primary Ssa Facility Serving Greenwood and surrounding communities, the office fulfills a critical public service role. The nearest alternative SSA office is approximately ±30 miles away, reinforcing tenant reliance on this location and supporting long-term occupancy.
- Strategic Location In Regional Economic Center: Situated in Greenwood, a key commercial and healthcare hub for western South Carolina, the property benefits from consistent demand drivers, including regional population density, government services, supporting consistent demand and long-term viability.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$204,681.00
$17,056.75/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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