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Social Security Administration 1231 First St 6,450 SF Retail Building Ahoskie, NC 27910 $1,546,000 ($239.69/SF) 7.75% Cap Rate
Investment Highlights
- United States Federal Government Credit
- Significant Capex Investment
- Sticky Tenant / Strong Regional Location
- Long-Term Tenant
- Purpose-Built for the SSA
- Ahoskie, NC
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building & land of the single-tenant United States Government office facility located in Ahoskie, North Carolina (the "Property"). The Property is leased to the United States of America operating as the Social Security Administration ("SSA"). The U.S. Government carries an investment-grade credit rating of AA+ by Standard & Poor's and Aa1 by Moody's.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
6,450 SF
Building Class
B
Year Built
2010
Price
$1,546,000
Price Per SF
$239.69
Cap Rate
7.75%
NOI
$119,815
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.93 AC
Zoning
R
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
-
99,999 SF
-
$9.99
-
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 | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5993-01-6348 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $749,016 |
Property Taxes
Parcel Number
5993-01-6348
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$749,016
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