Your email has been sent.
GSA Leased Investment SSA Selma 120 Executive Park Ln 13,421 SF Office Building Selma, AL 36701 $3,384,000 ($252.14/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 7.5% cap rate on 2025 projected net income
- $87,474 annual renovation reimbursement paid to landlord through May 2029
- Operating expense reimbursement and CPI formula increases
- Term through 11/11/2033 / Firm term through 11/11/2028 / Rent escalation last 5 years of term
- Single story brick built 2003, renovated 2018, new roof
- Increases of property taxes over a base year reimbursement
EXECUTIVE SUMMARY
The lease term is through November 11, 2033 with firm term through November 11, 2028, after which the lease may be terminated early. A third party study reported only 2.82% of GSA leases are terminated early, and one reason is a lack of expansion space. The 2.2 acre site can accommodate expansion.
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Public Administration
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Social Security provides financial protection for the nation’s people, supporting Americans throughout all of life’s journeys. They administer retirement, disability, survivor, and family benefits, and enroll individuals in Medicare. They also provide Social Security Numbers, which are unique identifiers needed to work, handle financial transactions, and determine eligibility for certain government services. Social Security provides retirement income for almost every American worker. They also administer Supplemental Security Income (SSI) to some individuals over a certain age who have limited income and resources. With retirement, disability, and survivors benefits, Social Security is one of the most successful anti-poverty programs in the nation's history. Social Security is committed to helping maintain the basic well-being and protection of the people they serve. They pay benefits to millions of people including retirees, children, widows, and widowers.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 11-08-27-1-002-003.0120 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $228,600 |
PROPERTY TAXES
Presented by
GSA Leased Investment SSA Selma | 120 Executive Park Ln
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.