48 Research Rd 4,970 SF Office Building East Falmouth, MA 02536 $2,153,000 ($433.20/SF) 7.75% Cap Rate

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the Social Security Administration (SSA) facility located at 48 Research Rd in East Falmouth, MA. The 4,970 SF building sits on 2.52 acres in Barnstable County, within the Town of Falmouth on Cape Cod. SSA has occupied the site for over a decade and recently executed a freshly signed lease ahead of its prior term’s expiration, commencing October 2026 with a 10-year total term through 2036 and a 5-year firm term, demonstrating their long-term commitment to the space. This provides investors with long-term cash flow backed by the full faith and credit of the U.S. Federal Government.
The East Falmouth office operates as a full-service SSA field office, handling retirement, disability, survivor, and Supplemental Security Income (SSI) benefit determinations rather than limited card-replacement services, reflecting an essential role in the local benefits infrastructure that is well matched to its market. The office is also the primary location for Martha’s Vineyard and Nantucket, extending its service area well beyond the Cape Cod mainland. Cape Cod carries one of the highest concentrations of retirees in Massachusetts, driving sustained demand for the exact services this office provides. That structural demand, paired with a captive, aging local population, supports durable long-term occupancy at this location.
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The Property has also seen substantial recent capital investment, including a full HVAC system replacement in 2026, a new roof installed in 2018, a barrier wall constructed at SSA’s specific request, and solar panels providing the building with a degree of energy self-sufficiency, reducing anticipated operating costs for a new owner.