SSA BRANCH OFFICE

Tenant

U.S. Social Security Administration

Location

Austin, TX

Price

Unstated

CAP Rate

Unstated

Lease Term

15 Years (13 Firm)

Occupancy

Unstated

Building Size

23,859 SQ FT

Property Type

Unstated

Year Built

2005

Lot Size

3.6 Acres

Status

Sold

BENCHMARK PRICING
Sold to private investor from Los Angeles completing 1031 exchange, secured benchmark pricing

U.S. GOVERNMENT CREDIT
Lease guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating and unrivaled income security

NEW 15-YEAR LEASE TERM
Recent lease renewal for new 15-year term with U.S. Federal Government, demonstrating long-term tenant commitment

BUILD-TO-SUIT CONSTRUCTION
2005 build-to-suit facility for Social Security, designed and constructed according to tenant-specific requirements and strict federal standards

AUSTIN LOCATION
Centrally located in Austin, Texas on a 3.6 acre lot within 5 miles of downtown; immediate I-35 freeway access, surrounded by national tenants and retailers

STRONG DEMAND FOR SSA SERVICES
Over 58k residents in Austin and over 78k in Travis County receive Social Security income, evidencing strong demand for SSA services within the local area