Government Office    

U.S. Social Security Administration

OHO – Peoria Hearing Office

 Peoria, IL

Asking Price

$5,375,015

Cap Rate

7.90%

Icon_guarantee_shield-1

Strong Credit

S&P: AA+

Icons_Lease-Icon

Commitment

10-Yr Extension

Icons_Government

Government Lease

High Likelihood
of Renewal

Icons_Population-Icon

Strong Demographics

+/- 90K Population +/- $97K AHHI

Icons_BuildSize-SqFt-Icon

Square Feet

+/- 16,161 SF

Icons-Acreage

Acreage

+/- 1.93 Acres

For more details on this exclusive listing

DOWNLOAD OM

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

INVESTMENT HIGHLIGHTS

  • Strong Demographics - 90,000 population | $97,000 average household income
  • Likelihood of Renewal - GSA has a market-leading retention rate
  • Long-Term Commitment - Recent 10-year renewal | 19-year history at site
  • Government Lease
  • Strong Credit - S&P: AA+
  • Favorable Lease - +/- 10 years remaining
  • Mission-Critical Operation - Oversees 8 SSA offices in region | Region processes nearly 1.5 million new Social Security claims annually

Exclusively Listed By

Scott Briggs

Senior Vice President
  sabriggs@northmarq.com      918.794.9787

Kelly Largent

Vice President
  klargent@northmarq.com      918.884.3142

David Read

Associate
  dread@northmarq.com      918.884.3141

Sarah Martin

Lead Marketing & Operations Analyst
  smartin@northmarq.com   

Nathanael Berwaldt

Investment Analyst
  nberwaldt@northmarq.com   

In Association With
Isaiah Harf

Illinois Broker
Lic. #471019332

Northmarq

6120 S Yale Ave, Suite 300
Tulsa, OK 74136

 

northmarq.com

©2024 Northmarq
Privacy Policy Terms & Conditions