SSA BRANCH OFFICE

Tenant

Social Security Administration

Location

Auburn, AL

Price

$2,436,000

CAP Rate

Unstated

Lease Term

15 Years

Occupancy

100%

Building Size

7,823 SQ FT

Property Type

Office

Year Built

2000 | Renovated 2017

Lot Size

1.10 Acres

Status

Available

Property Contacts:

Travis Trautvetter

Vice Chairman

858 558 5609 | Email

Jake Trautvetter

Capital Markets

858 558 5624 | Email

Melissa Carson

Senior Brokerage Coordinator

858 334 4032 | Email

SINGLE-TENANT FEDERAL GOVERNMENT FACILITY
100% Leased to the U.S. Federal Government – Moody’s Aaa credit rating

NEW LONG-TERM LEASE
New 15-year lease term, providing a long-term, secure income stream

FINISH-TO-SUIT CONSTRUCTION
2017 finish-to-suit for SSA, designed and constructed according to tenant-specific requirements

RELOCATION OF EXISTING SSA OFFICE
Relocation of SSA branch office serving Auburn and the surrounding area, providing a new facility, which meets the agency’s long-term objectives for location, security, and other criteria

IDEAL LOCATION IN AUBURN
Excellent location within Auburn on E. University Drive, in close proximity to Auburn Mall, Walmart Neighborhood Market, Panera Bread, Auburn University Regional Airport, and other national tenants

The Social Security Administration (SSA) Branch Office in Auburn, Alabama is a 7,823 square foot office building that is 100% leased to the U.S. Federal Government. This facility is a finish-to-suit construction project for SSA, with completion in December 2017, designed according to strict federal standards and tenant-specific requirements.

The property is leased to the General Services Administration (GSA) for a new 15-year term that is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investor Services. The GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate that typically exceeds 95%.

Auburn SSA benefits from an ideal location on E. University Drive, situated in close proximity to Auburn Mall, Walmart Neighborhood Market, Panera Bread, Auburn University Regional Airport, and other national tenants.