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 public demand for services

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

EXCEPTIONALLY LOW 1.2% MARKET VACANCY
Merced market area benefits from exceptional tenant demand, with a current office vacancy rate of only 1.2% (per CoStar Analytics)

DOWNTOWN MERCED LOCATION
Located in downtown Merced, within the Central Valley of California, featuring strong demographics for 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