Sold Subscription Required
| Price $3,090,000 | Built/Renov 2024 | Tenant Social Security Administration |
| Cap Rate 8.75% | Lease Type
Modified Gross | Guarantor Corp Rated |
| Size/SF
9,331
| Lease Start
07-27-2003
| #Units
1,318
|
| Price/SF $331.15 | Expiration
06-27-2028
| Tenant Type Government |
| NOI $270,412 | R. Term 3.7 | Ownership Fee Simple |
| Rent/SF
$28.98
| Increases 0.0%/0/yrs | Pop 5Mi 230,246 |
| Lot/AC 1.14 | Options 0/0yrs | AHHI 5Mi $101,777 |
| | |
Social Security Administration is strategically located on South Roberts Road. This single-tenant property consists of 9,331 rentable square feet developed in 2004 as a build-to-suit for GSA/SSA that includes 60 parking spaces and sits on 1.14 acres. The 5-mile trade area is supported by a population of 230,246 residents with an average household income of $101,777. Palos Hills, located in...
...Build to suit
In location for years
Dense 200M+ pop 5 mi
Top 100 MSA
Strong demographics
Long operation history
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 : | 13,448 | 87,032 | 216,489 |
| 2024 Total Population : | 13,888 | 89,741 | 223,608 |
| 2024 Employed Civilian Pop : | 6,459 | 42,233 | 109,444 |
| 2024 Total Businesses : | 411 | 3,445 | 6,925 |
| 2024 Average Household Income : | $ 99,732 | $ 98,240 | $ 108,818 |
| 2024 Total Consumer Spending : | $ 487 M | $ 2996 M | $ 8192 M |
| 2024 Median Age : | 42 | 40 | 41 |
| 2024 Total Households : | 5,609 | 34,812 | 86,085 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,676 | 11,611 | 29,872 |
| 2024 Average Home Value : | $ 275,447 | $ 300,301 | $ 314,403 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| South Roberts Road | W Tiffany Ct | 2018 | 16,100 | 0.15 mi |
| South Roberts Road | Paxos Dr | 2022 | 14,400 | 0.29 mi |
| South Roberts Road | Valley Dr | 2022 | 14,400 | 0.39 mi |
| West 111th Street | S Roberts Rd | 2018 | 2,150 | 0.45 mi |
| 2022 | 14,400 | 0.46 mi | ||
| West 111th Street | One Executive Dr | 2022 | 26,500 | 0.47 mi |
| West 111th Street | Heritage Dr | 2022 | 12,300 | 0.52 mi |
| 2022 | 14,400 | 0.52 mi | ||
| Southwest Hwy | 76th Ave | 2013 | 24,400 | 0.53 mi |
| 103rd St | 81st Ave | 2014 | 6,000 | 0.56 mi |
Springfield, IL
Cap Rate 9.00%
Lease Modified Gross
R. Term 2.90 yrs
Size/SF 20,782
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
