U.S. Social Security Administration
Riverside, CA
Unstated
Unstated
15 Years (10 Firm)
100%
21,950 SQ FT
Office
2020
Unstated
Sold
BENCHMARK PRICING AND ESCROW PERIOD
Achieved benchmark pricing and escrow period, closed all-cash in 8 days
SOLD TO PRIVATE 1031 EXCHANGE BUYER
Represented developer and procured California-based private investor completing 1031 exchange
FEDERAL GOVERNMENT CREDIT
100% leased to the U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security
NEW CONSTRUCTION
2020 finish-to-suit construction for SSA, comprehensive redevelopment to meet tenant-specific requirements
RARE PARKING STRUCTURE
Project includes parking structure to accommodate SSA parking requirements, providing unique feature with increased replacement cost and enhanced residual value
REPLACEMENT OF EXISTING SSA OFFICE
New SSA branch office, replacing the existing location in Riverside
