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| Price $1,976,000 | Built/Renov 2005 | Tenant Social Security Administration |
| Cap Rate 8.75% | Lease Type
Modified Gross | Guarantor Corp Rated |
| Size/SF
10,661
| Lease Start
04-13-2019
| #Units
1,318
|
| Price/SF $185.35 | Expiration
04-12-2029
| Tenant Type Government |
| NOI $172,894 | R. Term 4.3 | Ownership Fee Simple |
| Rent/SF
$16.22
| Increases 10.3%/0/yrs | Pop 5Mi 111,352 |
| Lot/AC 1.56 | Options 0/0yrs | AHHI 5Mi $53,940 |
| | |
Social Security Administration is strategically located on South Third Street. The single-tenant property consists of 10,661-rentable square feet developed in 2005 as a build-to-suit for the GSA/SSA that includes 23 parking spaces and sits on 1.56 acres. The 5-mile trade area is supported by a population of is 111,352 residents with an average household income of $53,940. Memphis is a city in...
...Build to suit
In location for years
Dense 100M+ pop 5 mi
Top 100 MSA
Income tax free state
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 : | 5,710 | 48,568 | 108,342 |
| 2024 Total Population : | 5,873 | 49,607 | 110,441 |
| 2024 Employed Civilian Pop : | 1,949 | 17,311 | 39,207 |
| 2024 Total Businesses : | 177 | 1,445 | 3,560 |
| 2024 Average Household Income : | $ 50,141 | $ 57,019 | $ 58,270 |
| 2024 Total Consumer Spending : | $ 112 M | $ 1016 M | $ 2305 M |
| 2024 Median Age : | 40 | 40 | 39 |
| 2024 Total Households : | 2,509 | 19,899 | 44,163 |
| 2024 Pop Age 25+: Bachelor's Degree : | 353 | 4,032 | 8,684 |
| 2024 Average Home Value : | $ 115,122 | $ 185,155 | $ 207,477 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| S 3rd St | E Mitchell Rd | 2008 | 26,979 | 0.05 mi |
| West Mitchell Road | Meadowbrook Rd | 2022 | 12,698 | 0.24 mi |
| E Mitchell Rd | Gill Rd | 2008 | 13,411 | 0.24 mi |
| East Fairway Avenue | Nehemiah Way | 2022 | 4,996 | 0.47 mi |
| South Third Street | S 3rd St | 2022 | 25,878 | 0.77 mi |
| US 61 | Builders Way | 2021 | 34,403 | 0.77 mi |
| Neely Rd | E Levi Rd | 2014 | 8,749 | 0.84 mi |
| Rochester Road | E Mitchell Rd | 2022 | 1,574 | 0.85 mi |
| Neely Road | Clower Rd | 2022 | 13,020 | 0.89 mi |
| NEELY RD. | Wesley Oaks Dr | 2021 | 13,928 | 0.89 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
