SSA Branch Office

Tenant

Social Security Administration

Location

Merced, California

Price

Unstated

CAP Rate

Unstated

NOI

Unstated

Lease Term

12 Years Remaining

Occupancy

93%

Building Size

20,699 SQ FT

Property Type

Office

Year Built

2021

Lot Size

2.0 Acres

Status

Available

Property Contacts:

Travis Trautvetter

Managing Partner | Capital Markets

858 367 5105 | Email

Jake Trautvetter

Managing Partner | Capital Markets

858 367 5102 | Email

Kari Fiske

Director | Operations

858 367 5450 | Email

Isabel Musgrove

Director | Marketing

858 367 0929 | Email

U.S. FEDERAL GOVERNMENT CREDIT
Anchored by the U.S. Federal Government, with lease guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating and unrivaled income security

15-YEAR LEASE TERM
First-generation lease for occupancy by U.S. Social Security Administration commenced in October 2021 for a new 15-year term

NEW CONSTRUCTION – 2021 REDEVELOPMENT
Comprehensive redevelopment-to-suit for SSA in 2021, designed and constructed to meet the specific needs of SSA and federal building security requirements

RELOCATION OF SSA SERVICES
The new SSA Branch Office in Merced provides a long-term base of operations meeting all modern security and space requirements for SSA, replacing the prior SSA location

EXCEPTIONAL MARKET FUNDAMENTALS – 1.2% VACANCY RATE
Located in downtown Merced, within the Central Valley of California, featuring strong demographics related to populations receiving Social Security services; the Merced market area benefits from exceptional tenant and occupier demand, with a current office vacancy rate of only 1.2% (per CoStar Analytics)

ADJACENT TO MERCED MALL
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