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U.S. Social Security Admin Branch Office 3185 M St
20,699 SF 93% Leased Office Building Merced, CA 95348 $14,259,817 CAD ($689 CAD/SF) 6% Cap Rate
Investment Highlights
- U.S. FEDERAL GOVERNMENT CREDIT- Anchored by the U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security
- NEW CONSTRUCTION - 2021 REDEVELOPMENT- Comprehensive redevelopment-to-suit for SSA in 2021, designed and constructed to meet the specific needs of SSA
- EXCEPTIONAL MARKET FUNDAMENTALS – 1.2% VACANCY RATE- Located in downtown Merced, featuring strong demographics &exceptional tenant and occupier demand
- 15-YEAR LEASE TERM- First-generation lease for occupancy by U.S. Social Security Administration commenced in October 2021 for a new 15-year term
- RELOCATION of SSA SERVICES- The new SSA Branch Office provides a long-term base of operations meeting all modern security & space requirements
- ADJACENT TO MERCED MALL-Situated adjacent to Merced Mall, with a tenant roster of Kohl’s, Starbucks, Chipotle, CVS, Target, JC Penney, dd’s Discounts
Property Facts
Amenities
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Second Story Office space available from 486 SF to 1909 SF. Asking rates: Suite 260: 486 SF $2.06 per SF per month plus CAM $150 Suite 240: 1423 SF $1.80 per SF per month plus CAM $475 .
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 240 | 1,423 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 240
| Size |
| 1,423 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 240
| Size | 1,423 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Second Story Office space available from 486 SF to 1909 SF. Asking rates: Suite 260: 486 SF $2.06 per SF per month plus CAM $150 Suite 240: 1423 SF $1.80 per SF per month plus CAM $475 .
PROPERTY TAXES
| Parcel Number | 236-220-013 | Improvements Assessment | $3,577,540 CAD |
| Land Assessment | $1,291,091 CAD | Total Assessment | $4,868,631 CAD |
PROPERTY TAXES
Presented by
GOVT Real Estate Group
U.S. Social Security Admin Branch Office | 3185 M St
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