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Social Security Administration 103 MBL Bank Dr 7,821 SF Office Building Minden, LA 71055 $2,788,000 ($356.48/SF) 7.50% Cap Rate
Investment Highlights
- U.S. Government Credit
- Purpose-Built Government Facility
- Excellent Regional Accessibility
- Long-Term Lease Comitment & 16-Year Tenure
- Strategic Regional Office / Strong Market Fundamentals
- Established Retail & Medical Corridor | Stable Demographics
Executive Summary
Northmarq is pleased to present the opportunity to acquire the fee simple interest in a single-tenant United States Government office facility leased to the Social Security
Administration (SSA) and located in Minden, Louisiana (the “Property”). The tenant, the United States of America, carries an investment-grade credit rating of AA+ from Standard & Poor’s and Aa1 from Moody’s, providing investors with the security of one of the highest quality credit tenants in the world.
Administration (SSA) and located in Minden, Louisiana (the “Property”). The tenant, the United States of America, carries an investment-grade credit rating of AA+ from Standard & Poor’s and Aa1 from Moody’s, providing investors with the security of one of the highest quality credit tenants in the world.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
7,821 SF
Building Class
B
Year Built
2010
Price
$2,788,000
Price Per SF
$356.48
Cap Rate
7.50%
NOI
$209,097
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,821 SF
Building FAR
0.15
Lot Size
1.18 AC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
- -
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$9.99
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Lorem Ipsum
-
Jan 0000
The Social Security Administration began as the Social Security Board in 1935 under the Social Security Act and later adopted its current name in 1946. The agency administers Social Security retirement, disability, and survivors benefits, and it also supports Medicare-related services, identity records, and other public-facing programs through online and in-person channels. Social Security remains a major federal service provider, with a nationwide role that reaches Americans across life stages from first-number issuance to benefit delivery and account management.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 112866.C | Improvements Assessment | $185,230 |
| Land Assessment | $22,000 | Total Assessment | $207,230 |
Property Taxes
Parcel Number
112866.C
Land Assessment
$22,000
Improvements Assessment
$185,230
Total Assessment
$207,230
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