Social Security Administration 104 S Halsted St Bureau 1 420 m² À vendre Chicago Heights, IL 60411 2 755 432 € (1 940,67 €/m²) Taux de capitalisation 6,75 %

The Chicago Heights Social Security Administration (SSA) Branch Office is a single-tenant, 15,283 square foot office facility located in Chicago Heights, IL, approximately 29 miles from downtown Chicago. This location experiences exceptionally strong demand for SSA services. The property is leased for a new 10-year lease term via the U.S. General
Services Administration (GSA), demonstrating the long-term commitment to this location. The lease is guaranteed by the United States of America, which has a credit rating of AAA from Moody’s Investor Services. The GSA has a long-standing reputation as a tenant with one of the highest renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate which typically exceeds 93%.
The Chicago Heights SSA presents a passive investment opportunity, as the seller/developer has managed (5) SSA facilities since 2000. The seller of this asset has invested over $ 650,000 to update this facility to meet and exceed all current standards. The developer’s strong relationship with the tenant will provide an easy, hassle-free experience for the future owner.