This Office Property is Off-Market.

1050 Brannen Street
Statesboro, GA 30458 ·

8,086 SF · Office For Sale

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Social Security Administration

Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 8,086 SF Building Class B
Property Type Office Tenancy Single
Property Sub-type Institutional/Governmental Lot Size 2.26 AC
Listing ID: 16900075 Date Created: 11/03/2010 Last Updated: 11/09/2010

Description

This Social Security field office was built in 2008 at a location selected by the tenant and subject to a ten year lease. In the start of year six of the lease, the tenant has a 60-day cancellation right. According to statistics maintained by the federal government regarding lease tenancies, over 95 percent of all government agencies remain through their full initial term, option periods and beyond. The average occupancy time of a goverment agency at any one location is over 22 years.

The city of Statesboro is the county seat for Bulloch County, Georgia. Statesboro's population is around
22,700. The town is best known for its local University, Georgia Southern. With over 19,000 academic
students, it is South Georgia's largest university. Just 45 miles west of Savannah, Georgia, Georgia's bustling Port City, Statesboro is also home to one of Walmart's Regional Distribution Centers. According to the city's Chamber website "We are home to the largest Walmart distribution center in the United States. In handling all imported products offered in the Walmart stores, the close proximity to the Savannah Ports, interstates, and rail were a major determining factor to build here."

Research

1050 Brannen Street, Statesboro, GA 30458 (Bulloch County)

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