SSA Branch Office

Tenant

U.S. Social Security Administration

Location

Mission Viejo, California

Price

Unstated

CAP Rate

Unstated

NOI

Unstated

Lease Term

20 Years (15 Firm)

Occupancy

100%

Building Size

14,540 SQ FT

Property Type

Office

Year Built

2022 Renovation

Lot Size

1.12 Acres

Status

Under Contract

Property Contacts:

Travis Trautvetter

Executive Vice Chairman - Capital Markets

858 367 5105 | Email

Jake Trautvetter

Senior Director – Capital Markets

858 367 5102 | Email

Kari Fiske

Senior Brokerage Specialist

858 367 5450 | Email

Isabel Musgrove

Senior Marketing Coordinator

858 367 0929 | Email

U.S. FEDERAL GOVERNMENT CREDIT
Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security

NEW 20-YEAR LEASE TERM
First-generation lease for new 20-year term (15 years firm, with no termination rights), occupied by U.S. Social Security Administration

SOCIAL SECURITY OFFICE EXPANSION AND RELOCATION
The subject property is an expansion and relocation of existing Social Security services within the Mission Viejo area of Orange County, providing a new, 14,540 square foot, single-tenant facility for SSA, replacing the prior SSA premises in Mission Viejo that consisted of 11,590 square feet within a multi-tenant building

2022 REDEVELOPMENT for SSA
Comprehensive redevelopment-to-suit for Social Security, with completion in 2022, constructed to meet specific requirements of the tenant and in adherence with strict federal building security standards

SIGNIFICANT TENANT IMPROVEMENTS
Over $1.7 million in new tenant improvements with funding by SSA, demonstrating significant tenant investment in the facility

AFFLUENT, INFILL LOCATION in ORANGE COUNTY, CALIFORNIA
Exceptionally rare offering of a U.S. Government facility in an affluent California location, centrally positioned in the city of Mission Viejo within Orange County, featuring compelling surrounding demographics

The U.S. Social Security Administration (SSA) branch office in Mission Viejo, Orange County, California, is a single-tenant office building that is 100% leased for a new 20-year term by the U.S. Federal Government, with lease commencement at project completion, scheduled for October 2022.

The subject property is an expansion and relocation of existing Social Security services within the Mission Viejo area of Orange County, providing a new, 14,540 square foot, single-tenant facility for SSA, and replacing the prior SSA premises in Mission Viejo that consisted of 11,590 square feet within a multi-tenant building. The new Mission Viejo SSA branch office is a comprehensive redevelopment-to-suit for Social Security, constructed to meet the specific requirements of the tenant and in adherence with strict federal building security standards. Tenant improvements exceeded $1.7 million, with funding by SSA, demonstrating significant tenant investment and commitment to the new facility.

The U.S. General Services Administration lease is guaranteed by the full faith and credit of the United States of America, which has a credit rating of Aaa from Moody’s Investor Services and offers unrivaled income security. 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 which typically exceeds 95%.

Mission Viejo SSA is an exceptionally rare offering of a U.S. Federal Government facility situated in an affluent, infill California location. Centrally positioned in the city of Mission Viejo within Orange County, the area features compelling surrounding demographics, sited with major national tenants in immediate proximity, including Target and Amazon. Part of the Greater Los Angeles Metro Area, the second largest MSA in the United States, Orange County itself contains an estimated 2021 population exceeding 3.167 million.