The Ficke Team of Colliers is pleased to present to qualified investors the Social Security Administration (SSA) located at 10718 S Robert Road, Palos Hills, Illinois. This single-tenant property consists of 9,331 rentable square feet developed in 2004 as a build-to-suit for the GSA/SSA that includes 60 parking spaces and sits on 1.14 acres.
The GSA Exercised their five (5) years renewal option effective July 27, 2023, expiring June 26, 2028, and firm-term through June 27, 2028. This lease includes a unique real estate tax structure for the GSA to reimburse landlord $51,227.19 for tax rent in addition to the difference between the actual real estate taxes and the tax base of $54,290.81 throughout the lease term, assisting the landlord to defray increases in real estate taxes. This is an excellent opportunity for an investor to acquire a stabilized cash flow with rent guaranteed by the U.S.
Government (S&P AA+ credit rating).