United States Government - SSA | 1403 S Division St
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United States Government - SSA 1403 S Division St
5,038 SF Office Building Blytheville, AR 72315 £1,173,675 (£233/SF) 7.94% Net Initial Yield
Investment Highlights
- Single Credit Tenant – United States Government Lease - U.S. Social Security Administration (SSA), AAA (Moody’s) Credit Rating
- Extensive $350,000 Remodel in 2023/2024
- Going in Capitalization Rate of 7.94% with a Pro-Forma Capitalization Rate of 6.98%
- Built-to-Suit, Single Tenant Facility in 2003 for the U.S. Social Security Administration
- Renewed 2nd Generation 15-Year Lease with 10-Years Firm Term with an Effective Date of January 7, 2019
Executive Summary
Marcus & Millichap is pleased to offer for sale this single-tenant government office building occupied by the U.S. Social Security Administration (SSA) located at 1325 S. Division St, Blytheville, AR 72315. The property consists of a 5,038 square-foot office building which was constructed in 2003 as a build-to-suit, high-security building for SSA. The property was extensively remodeled in 20200. The General Services Administration (GSA) signed a renewal for a second-generation, 15-year lease with 10-years firm effective January 7, 2019 thru January 6, 3034.
This offering is ideal for an investor who is seeking a single credit-tenant building occupied by the U.S. Government with low-management, an attractive going-in capitalization rate of 7.94%.
This offering is ideal for an investor who is seeking a single credit-tenant building occupied by the U.S. Government with low-management, an attractive going-in capitalization rate of 7.94%.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
5,038 SF
Building Class
B
Year Built/Renovated
2003/2020
Price
£1,173,675
Price Per SF
£233
Net Initial Yield
7.94%
NOI
£93,221
Tenancy
Single
Number of Floors
1
Typical Floor Size
5,038 SF
Building FAR
0.05
Land Acres
2.50 AC
Parking
24 Spaces (4.76 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 305-00457-002 | Improvements Assessment | £55,297 |
| Land Assessment | £34,084 | Total Assessment | £89,381 |
PROPERTY TAXES
Parcel Number
305-00457-002
Land Assessment
£34,084
Improvements Assessment
£55,297
Total Assessment
£89,381
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Alex Mobin -
Jeffrey Konopka -
Marcus & Millichap
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United States Government - SSA | 1403 S Division St
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