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SSA & St. Lawrence Psychiatric Center 101 Ford St 16,781 SF 100% Leased Retail Building Ogdensburg, NY 13669 $2,578,000 ($153.63/SF) 9% Cap Rate



INVESTMENT HIGHLIGHTS
- Government Support: As a government agency, the General Services Administration benefits from a level of support that ensures its stability.
- Scenic Location: Situated on the St. Lawrence River, Ogdensburg offers beautiful waterfront views and outdoor activities.
- Proximity to Canada: Located near the Canadian border, Ogdensburg offers easy access to Canadian cities like Ottawa and Montreal
- Investment Grade Tenant: GSA is rated S&P: A+.
- Strategic Transportation Access: Immediate access to the Ogdensburg–Prescott International Bridge, Route 37, and proximity to Ogdensburg International
EXECUTIVE SUMMARY
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.
- Koa Care Camps
- Accommodation and Food Services
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Maurices is an American women’s fashion retailer founded in 1931 by E. Maurice Labovitz in Duluth, Minnesota. The company began as a small dress shop and evolved into a specialty retailer focused on affordable, versatile apparel and accessories. Today, Maurices operates as a privately held company under the ownership of OpCapita, which acquired a majority stake in 2019. The brand serves customers primarily in small towns and suburban markets across the United States and Canada, offering inclusive sizing from 0 to 24. Maurices emphasizes casual and workwear styles through both brick-and-mortar stores and its e-commerce platform. Headquartered in Duluth, Minnesota, the company continues to maintain its hometown roots while expanding omnichannel capabilities.
Fleet Feet operates as a specialty running and walking retailer that provides footwear, apparel, and accessories alongside personalized fitting and gait analysis services. The company began in 1976 and has expanded through a combination of franchised and locally owned stores across the United States. Fleet Feet is privately held under its national operating structure and continues to expand regionally through acquisitions and new store development.
From a small store in Destiny USA to over 30 locations across the Northeast, Premier Technologies has come a long way. Started in 1992, their commitment to collective goals of excellence and sustainable business operations has been at the forefront of their business model. They began offering customers a full line of technology including TVs, home and car audio devices, and portable devices like cell phones and pagers. Since then, Premier has adapted and focused all efforts on the wireless business. They recognized the power emergent wireless products would have on the market, and Premier quickly adapted. Their first wireless-only location opened in Ithaca, NY in 1995. The store’s out-of-the-box success was unanticipated, and they quickly grew. New locations were quickly assembled in Rome, Auburn, and Fayetteville, proving to be a great success. Today, Premier Technologies has over 30 locations in multiple states, and they only plan on growing larger.
The Golub Corporation operates supermarkets under the Price Chopper, Market 32 and Market Bistro banners in New York, Connecticut, Massachusetts, Vermont, Pennsylvania and New Hampshire. They exist to help people feed and care for themselves and their families. As an innovative retailer of products and services, they recognize that consistently satisfying their customers is key to their success. They are committed to serving their: Customers by providing an overall experience that earns their long-term loyalty. Teammates by fostering a challenging, culturally diverse, friendly, participative, and rewarding environment. Communities by working in partnership to enrich and improve their quality of life. Shareholders by delivering a fair return on investment over the long term.
Rent-A-Center is a rent-to-own industry leader with a mission to improve the quality of life for their customers. They understand that making decisions about big items like furniture, appliances, and electronics is a big deal, which is why they offer the Rent-A-Center Worry-Free Guarantee: They give people the name-brand items they want, like Ashley Furniture, Whirlpool appliances and Samsung electronics, at a payment they can afford with the option to own it when they are ready. Plus, they offer six months same as cash, an early purchase discount, competitor price match and free same-day delivery.
SHOE DEPT. ENCORE is a retail division of SHOE SHOW, INC., a privately held American footwear company founded in 1960 in Kannapolis, North Carolina. Headquartered in Concord, NC, SHOE SHOW, INC. operates over 1,000 stores across 47 states under various banner, including SHOE SHOW, SHOE DEPT., SHOE DEPT. ENCORE, and Burlington Shoes. SHOE DEPT. ENCORE stores offer a wide selection of branded footwear and accessories for men, women, and children, often in larger-format locations than standard SHOE DEPT. stores. The company emphasizes value-driven retail and maintains a strong presence in shopping malls and outlet centers nationwide.
Taco Bell was born and raised in California and has been around since 1962. They went from selling everyone’s favorite Crunchy Tacos on the West Coast to a global brand. They're not only the largest Mexican-inspired quick service brand (QSR) in the world, they’re also part of the biggest restaurant group in the world: Yum! Brands. Much of their fan love and authentic connection with their communities are rooted in being rebels with a cause. From ensuring they use high quality, sustainable ingredients to elevating restaurant technology in ways that hasn’t been done before, they will continue to be inclusive, bold, challenge the status quo and push industry boundaries. They’re a company that celebrates and advocates for different, has bold self-expression, strives for a better future, and brings the fun while they’re at it. They fuel their culture with real people who bring unique experiences. They inspire and enable their teams and the world to Live Más.
The UPS Store, Inc., headquartered in San Diego, California, is a leading franchisor of retail shipping, postal, printing, and business service centers across the United States and Canada. The company originated from Mail Boxes Etc., a concept introduced in 1980 as an alternative to traditional post offices. In 2001, United Parcel Service (UPS) acquired Mail Boxes Etc., and by 2003, the brand transitioned to The UPS Store. Today, the network includes thousands of independently owned and operated locations offering services such as shipping, freight, printing, and document solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Retailer | - | - | - | - | |
| Koa Care Camps | Accommodation and Food Services | - | - | - | - | |
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Retailer | - | - | - | Jul 2023 | |
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Retailer | - | - | - | - | |
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Information | - | - | - | - | |
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Retailer | - | - | - | - | |
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Rental and Leasing Services | - | - | - | - | |
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Retailer | - | - | - | - | |
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Accommodation and Food Services | - | - | - | - | |
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Administrative and Support Services | - | $12.50 | Triple Net | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $8,101,900 | |
| Land Assessment | $648,100 | Total Assessment | $8,750,000 |
PROPERTY TAXES
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SSA & St. Lawrence Psychiatric Center | 101 Ford St
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