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Single-Tenant Office

Social Security Administration | Cincinnati, OH

10205 Reading Rd, Cincinnati, OH 45241

Listing Price: $5,154,832

Cap Rate
7.15%
Gross SF
13,928
Rentable SF
13,928
Price/Gross SF
$370.11
Lot Size
2.08 acres
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to present The Social Security Administration (SSA) office building, located in Cincinnati, Ohio. The single tenant office buildings is 100 percent leased to SSA, a top Federal Government agency. SSA has served in Cincinnati since 2010, and has Over 11 years remaining on the lease, with One, 5-year renewal options. The 2009 developed facility sits on Reading Road which has an average daily vehicle count of 16,772 with easy accessibility from I-75 being under two miles away. SSA is one of the top federal government agencies with over 80,000 employees and an annual budget of 1.4 trillion dollars. The Social Security Administration was established by the Social Security Act of 1935 and has grown to be the largest government program in the United States. SSA provides financial protection to the nation’s people for over 80 years and changes are you either receive Social Security or you know someone who does. With retirement, disability, and survivors' benefits, Social Security is one of the most successful anti-poverty programs in the nation’s history. Cincinnati is home to more than 309,000 people, from which 95.8 percent are citizens. The vibrant city features multiple attractions such as the University of Cincinnati (29k undergrad), multiple sports teams such as the Cincinnati Bengals, and dozens of fortune 500 companies.

Investment Highlights

  • 4+ Years Firm Remaining After a Recent 12-Year Lease Extension in 2023, SSA has Occupied This Facility Since 2010 | Rental Increases Every 2 Years
  • 2009 Construction was a Build To Suit for SSA | LEED Gold Certification at Completion From the U.S. Green Building Council
  • S&P Rated AA+ Investment Grade Credit Tenant
  • Situated on Reading Road Which Sees 16,772 Vehicles Per Day | 1.5 Miles From I-75
  • Limited Competition | Nearest SSA is 20 Minutes Away in a Multi-Tenant Facility
  • Adjacent to a Walmart Supercenter and Menards Near Multiple Other National Tenants Including Starbucks, Chipotle, Walgreens, Arby's, Burger King, Firestone, ALDI, and More
  • 2 Miles From the GE Aerospace and Aviation Headquarters and Manufacturing Facility With 7,500+ Employees
  • Strong Demographics: Population Exceeds 166,800 Within 5-Miles and is Projected to Increase by 2027, Daytime Population Exceeds 271,400 | Average Household Income of $186,000 Within 1 Mile

Exclusively Listed By

Financing By

Single-Tenant Office

Social Security Administration | Cincinnati, OH

Listing Price: $5,154,832

Cap Rate
7.15%
Gross SF
13,928
Rentable SF
13,928
Price/Gross SF
$370.11
Lot Size
2.08 acres
Year Built
2009

Investment Highlights

  • 4+ Years Firm Remaining After a Recent 12-Year Lease Extension in 2023, SSA has Occupied This Facility Since 2010 | Rental Increases Every 2 Years
  • 2009 Construction was a Build To Suit for SSA | LEED Gold Certification at Completion From the U.S. Green Building Council
  • S&P Rated AA+ Investment Grade Credit Tenant
  • Situated on Reading Road Which Sees 16,772 Vehicles Per Day | 1.5 Miles From I-75
  • Limited Competition | Nearest SSA is 20 Minutes Away in a Multi-Tenant Facility
  • Adjacent to a Walmart Supercenter and Menards Near Multiple Other National Tenants Including Starbucks, Chipotle, Walgreens, Arby's, Burger King, Firestone, ALDI, and More
  • 2 Miles From the GE Aerospace and Aviation Headquarters and Manufacturing Facility With 7,500+ Employees
  • Strong Demographics: Population Exceeds 166,800 Within 5-Miles and is Projected to Increase by 2027, Daytime Population Exceeds 271,400 | Average Household Income of $186,000 Within 1 Mile

Investment Overview

Marcus & Millichap is pleased to present The Social Security Administration (SSA) office building, located in Cincinnati, Ohio. The single tenant office buildings is 100 percent leased to SSA, a top Federal Government agency. SSA has served in Cincinnati since 2010, and has Over 11 years remaining on the lease, with One, 5-year renewal options. The 2009 developed facility sits on Reading Road which has an average daily vehicle count of 16,772 with easy accessibility from I-75 being under two miles away. SSA is one of the top federal government agencies with over 80,000 employees and an annual budget of 1.4 trillion dollars. The Social Security Administration was established by the Social Security Act of 1935 and has grown to be the largest government program in the United States. SSA provides financial protection to the nation’s people for over 80 years and changes are you either receive Social Security or you know someone who does. With retirement, disability, and survivors' benefits, Social Security is one of the most successful anti-poverty programs in the nation’s history. Cincinnati is home to more than 309,000 people, from which 95.8 percent are citizens. The vibrant city features multiple attractions such as the University of Cincinnati (29k undergrad), multiple sports teams such as the Cincinnati Bengals, and dozens of fortune 500 companies.

Exclusively Listed By

Financing By

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