3185 M St - Medical FOR SALE
Merced, CA 95348 |
$10,028,000 USD
858-367-5450
3185 M St
Merced, CA 95348
HIGHLIGHTS
- U.S. FEDERAL GOVERNMENT CREDIT- Anchored by the U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security
- 15-YEAR LEASE TERM- First-generation lease for occupancy by U.S. Social Security Administration commenced in October 2021 for a new 15-year term
- NEW CONSTRUCTION - 2021 REDEVELOPMENT- Comprehensive redevelopment-to-suit for SSA in 2021, designed and constructed to meet the specific needs of SSA
- RELOCATION of SSA SERVICES- The new SSA Branch Office provides a long-term base of operations meeting all modern security & space requirements
- EXCEPTIONAL MARKET FUNDAMENTALS – 1.2% VACANCY RATE- Located in downtown Merced, featuring strong demographics &exceptional tenant and occupier demand
- ADJACENT TO MERCED MALL-Situated adjacent to Merced Mall, with a tenant roster of Kohl’s, Starbucks, Chipotle, CVS, Target, JC Penney, dd’s Discounts
FOR SALE DETAILS
PRICE
$10,028,000 USD
PRICE/SF
$484 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
U.S. Social Security Admin Branch Office
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1950
SPRINKLERS
-
PARKING SPACES
148
LAND DETAILS
LAND ACRES
2 AC
LAND SF
87,120 SF
ZONING
P-D
APN/PARCEL ID
236-220-013
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858-367-5450
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858-367-5450
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