FEDERAL GOVT-ANCHOR, DIVERSE RENT ROLL WITH 1.2% MARKET VACANCY
93% occupied, 20,669 square foot building anchored by the U.S. Federal Government at 50% building occupancy and a diversified rent roll that includes three additional regional tenants leasing 43% of the space; Merced market area benefits from exceptional tenant demand, with a current office vacancy rate of only 1.2% (per CoStar Analytics)

NEW 15-YEAR LEASE FOR U.S. SOCIAL SECURITY
First-generation lease commenced in 2021 for a new 15-year lease term for occupancy by U.S. Social Security Administration, with lease guaranteed by the full faith and credit of the United States of America

HIGH-UTILIZATION, PUBLIC-FACING SSA OFFICE
Public-facing SSA Branch Office with high utilization, housing 33 Social Security employees, demonstrating the essential nature of this facility for SSA operations and associated public demand for services; the new SSA Merced office relocated the prior legacy SSA office in Merced and provides a modern, long-term location for the tenant

2021 REDEVELOPMENT
Comprehensive redevelopment for SSA, designed and constructed to meet the specific needs of the tenant and strict federal building security requirements; new SSA Branch Office relocated the prior legacy SSA office in Merced and provides a modern, long-term facility for ongoing SSA operations

DOWNTOWN MERCED LOCATION
Located in downtown Merced, within the Central Valley of California, featuring strong demographics related to populations receiving Social Security services; situated adjacent to Merced Mall, with a tenant roster of Kohl’s, Starbucks, Chipotle, CVS, Target, JC Penney, dd’s Discounts, Big Lots, Michaels, Olive Garden, and Panera, plus numerous national tenants within a one-block radius, including Dutch Brothers, Jack in the Box, Burger King, 7-Eleven, Best Buy, Food 4 Less, and more