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Social Security Administration

2213 8th Street South, Wisconsin Rapids, WI 54494

$1,699,428

Cap Rate 7.80%

Views: 368 DOM: 126 Updated: 08.28.24 Posted: 05.13.24 Status: Active

Summary

Price $1,699,428
Built/Renov 2003
Tenant Social Security Administration
Cap Rate 7.80%
Lease Type Modified Gross
Guarantor Corp Rated
Size/SF 6,966
Lease Start 03-04-2024
#Units 1,318
Price/SF $243.96
Expiration 03-03-2034
Tenant Type Government
NOI $132,555
R. Term 9.5
Ownership Fee Simple
Rent/SF $19.03
Increases 6.0%/4/yrs
Pop 5Mi 59,888
Lot/AC 0.93
Options 0/0yrs
AHHI 5Mi $81,580

Geoff Ficke
Colliers
Contact

Zachary Ficke
Colliers
Contact

Lease Highlights

  • Social Security Administration has 9+ years remaining on the current lease term with no options to extend
  • Refreshed parking lot and exterior LEDs in 2023
  • Lease guaranteed with the full faith and credit of the U.S. Government (S&P: AA+)

Location Description

Social Security Administration is strategically located on 8th Street. This single-tenant facility was built-to-suit for the GSA/SSA in 2003 and consists of 6,966 rentable square feet. The site includes about 0.933 acres and is a busy facility serving all of Wood County with the nearest SSA office over 30 miles away in Wausau, WI. The 5-mile trade area is supported by a population of 59,888...

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Key Features

  • Build to suit

  • In location for years

  • Near major nationals

  • Strategically located

  • Highway close

  • Brand new lease

  • Corporate Guarantee

  • Investment grade tenant

  • Over 1000 units backed

  • Credit rated company

    • ...

Links

Social Security Administration Wikipedia Social Security Administration Wikipedia Wisconsin Rapids, Wisconsin Zip Code 54494 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Social Security Administration
  • Guarantor:Corp Rated
  • Company:U.S. Federal Government
  • # Units:1,318
  • Tenant S&P: AA+
  • Moody’s: Aaa
  • Stock:Private

About Tenant

The United States Social Security Administration (SSA) is an independent agency of the United States federal government that administers Social Security, a social insurance program consisting of...


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