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| 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 9.2 | 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 |
| | |
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...
...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
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 7,252 | 23,791 | 32,851 |
| 2024 Total Population : | 7,340 | 23,875 | 32,971 |
| 2024 Employed Civilian Pop : | 3,384 | 10,849 | 14,730 |
| 2024 Total Businesses : | 408 | 1,129 | 1,372 |
| 2024 Average Household Income : | $ 71,934 | $ 80,838 | $ 87,764 |
| 2024 Total Consumer Spending : | $ 223 M | $ 776 M | $ 1141 M |
| 2024 Median Age : | 47 | 43 | 44 |
| 2024 Total Households : | 3,486 | 10,777 | 14,619 |
| 2024 Pop Age 25+: Bachelor's Degree : | 914 | 2,682 | 3,712 |
| 2024 Average Home Value : | $ 218,706 | $ 239,286 | $ 243,990 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Pepper Ave | 8th St S | 2014 | 2,400 | 0.12 mi |
| Pepper Avenue | 7th St S | 2021 | 2,600 | 0.13 mi |
| 8th St S | Pepper Ave | 2017 | 18,400 | 0.14 mi |
| 8th Street South | Whitrock Ave | 2021 | 21,200 | 0.16 mi |
| Pepper Ave | 5th St S | 2017 | 3,800 | 0.19 mi |
| 8th St S | Taylor Ave | 2017 | 18,600 | 0.24 mi |
| Lincoln Street | Pepper Ave | 2021 | 2,300 | 0.27 mi |
| 12th Street South | Daly Ave | 2021 | 2,300 | 0.36 mi |
| WI 54 | 2021 | 15,000 | 0.37 mi | |
| 12th St S | E Riverview Expy | 2011 | 3,600 | 0.38 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
