1050 Brannen Street
Statesboro, GA 30458 ·
8,086 SF · Office For Sale
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 Sub-type||Institutional/Governmental||Lot Size||2.26 AC|
|Listing ID: 16900075||Date Created: 11/03/2010||Last Updated: 11/09/2010|
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."
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