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Social Security Administration

10718 South Roberts Road, Palos Hills, IL 60465

$3,090,000

Cap Rate 8.75%

Views: 355 DOM: 122 Updated: 08.28.24 Posted: 05.09.24 Status: Active

Summary

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 3.9
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

Geoff Ficke
Colliers
Contact

Zachary Ficke
Colliers
Contact

Lease Highlights

  • Social Security Administration has been operating in this location since 2003
  • 4 years remaining on the current lease term
  • GSA reimburses landlord annual real estate tax rent in addition to the difference between the actual taxes and the tax base
  • 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 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...

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Key Features

  • 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

    • ...

Links

Social Security Administration Wikipedia Social Security Administration Wikipedia Palos Hills, Illinois Zip Code 60465 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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Listing Broker

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