Riverside SSA

Tenant

U.S. Social Security Administration

Location

Riverside, CA

Price

Unstated

CAP Rate

Unstated

Lease Term

15 Years (10 Firm)

Occupancy

100%

Building Size

21,950 SQ FT

Property Type

Office

Year Built

2020

Lot Size

Unstated

Status

Sold

Property Contacts:

Travis Trautvetter

Vice Chairman

858 367 5105 | Email

Jake Trautvetter

Capital Markets

858 558 5624 | Email

Kari Fiske

Brokerage Coordinator

858 334 4032 | Email

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