1403 S Division St - Medical FOR SALE


Blytheville, AR 72315
$1,500,000 USD
949-419-3276
1403 S Division St, Blytheville, AR for Sale
$1,500,000 USD
Medical - FOR SALE
1/12
null | 7.94% Cap Rate

1403 S Division St
Blytheville, AR 72315


HIGHLIGHTS

  • Single Credit Tenant – United States Government Lease - U.S. Social Security Administration (SSA), AAA (Moody’s) Credit Rating
  • Built-to-Suit, Single Tenant Facility in 2003 for the U.S. Social Security Administration
  • Extensive $350,000 Remodel in 2023/2024
  • Renewed 2nd Generation 15-Year Lease with 10-Years Firm Term with an Effective Date of January 7, 2019
  • Going in Capitalization Rate of 7.94% with a Pro-Forma Capitalization Rate of 6.98%

OVERVIEW

Marcus & Millichap is pleased to offer for sale this single-tenant government office building occupied by the U.S. Social Security Administration (SSA) located at 1325 S. Division St, Blytheville, AR 72315. The property consists of a 5,038 square-foot office building which was constructed in 2003 as a build-to-suit, high-security building for SSA. The property was extensively remodeled in 20200. The General Services Administration (GSA) signed a renewal for a second-generation, 15-year lease with 10-years firm effective January 7, 2019 thru January 6, 3034. This offering is ideal for an investor who is seeking a single credit-tenant building occupied by the U.S. Government with low-management, an attractive going-in capitalization rate of 7.94%.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

7.94%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United States Government - SSA

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

undefined, Freestanding, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

-

APN/PARCEL ID

305-00457-002

ASK ABOUT THIS PROPERTY

Alex MobinMarcus & MillichapMore Info
949-419-3276

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Alex MobinMarcus & MillichapMore Info
949-419-3276

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.