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2234-2236 Girard St
Delano, CA 93215
Social Security Administration · Office Property For Sale
Investment Highlights
- Federal Government Lease: With an AA+ credit rating from S&P, this is one of the best guarantors available on the market.
- Annual CPI Rent increases: This property follows the standard GSA leasing structure where any increase in expenses will be covered
- Value Add: Comprehensive Dentistry has a lease that is ending in April of 2024, meaning anyone who renews with this tenant will add value
- Jump in Cap Rate: There will be a $40,000 increase in rent when new lease starts in 08/2024 and that will bring the cap rate to 8.50%
- Commitment to Site: With a brand new 4 Year firm extension, this property is in an ideal location for SSA and shows their commitment
Property Facts
Property Type
Office
Building Size
8,913 SF
Building Class
B
Year Built
1999
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,913 SF
Building FAR
0.30
Lot Size
0.69 AC
Zoning
G-C - General Commercial
Parking
10 Spaces (1.12 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 410-070-35-00-2 | Improvements Assessment | $367,200 |
| Land Assessment | $1,519,800 | Total Assessment | $1,887,000 |
Property Taxes
Parcel Number
410-070-35-00-2
Land Assessment
$1,519,800
Improvements Assessment
$367,200
Total Assessment
$1,887,000
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