3185 M St - Medical FOR SALE
Merced, CA 95348 |
$9,551,000 USD
858-367-5450
3185 M St
Merced, CA 95348
HIGHLIGHTS
- FEDERAL GOVT-ANCHOR, DIVERSE RENT ROLL with 1.2% MARKET VACANCY- 93% occupied, 20,669 square foot building anchored by the U.S. Federal Government
- NEW 15-YEAR LEASE for U.S. SOCIAL SECURITY- First-generation lease commenced in 2021 for a new 15-year lease term for occupancy by SSA
- HIGH-UTILIZATION, PUBLIC-FACING SSA OFFICE- Public-facing SSA Branch Office with high utilization, housing 33 Social Security employees
- 2021 REDEVELOPMENT- Comprehensive redevelopment for SSA, designed and constructed to meet the specific needs of the tenant
- DOWNTOWN MERCED LOCATION- Located in downtown Merced, within the Central Valley of California, with a current office vacancy rate of only 1.2%
FOR SALE DETAILS
PRICE
$9,551,000 USD
PRICE/SF
$461 USD /SF
CAP RATE
6.3%
% 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
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
858-367-5450
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
858-367-5450
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
