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Single-Tenant Office

Sherwood Social Security Office

3608 E Kiehl Ave, North Little Rock, AR 72120

Listing Price: $2,320,000

Cap Rate
7.75%
Gross SF
10,483
Rentable SF
10,483
Price/Gross SF
$221.31
Lot Size
1.34 acres
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to bring to market a single-tenant government office building occupied by the Social Security Administration. The 10,483 rentable square foot building is located on E Kiehl Ave in Sherwood, Arkansas, and sits on 1.34 acres. Sherwood is part of the Greater Little Rock Metro Area, which has a population of over 738,000. The property was constructed for Social Security in 2002 according to their strict requirements, and renovated in 2016 as part of a $750,000+ tenant improvement project ($72/foot). The property was encumbered with a 10 year lease in 2016, with 5 years currently remaining. It features ample parking, with separate lots for employees and visitors. The Social Security Administration (SSA) is an agency of the United States federal government that administers Social Security, a social insurance program consisting of retirement, disability, and survivors' benefits. The annual budget for fiscal year 2021 was increased to $1.2 trillion, the highest ever budget for the agency. This offering is ideal for an investor who is seeking to invest in a stabilized single-tenant building with a AA+ credit tenant (Moody's, S&P).

Investment Highlights

  • GSA Invested Over $750,000 in Tenant Improvements Over the Past Five Years, Showing Commitment to the Location
  • Class B Office Built-to-Suit for Social Security in 2002, Renovated in 2016
  • Only Social Security Office Serving Suburban Little Rock- Population of 80,000+ Within a 5 Mile Radius
  • Single Tenant, AA+ Credit Investment Property (Moody's, S&P) - U.S. Government

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s) AR: PB00066390

    Arkansas

Financing By

Single-Tenant Office

Sherwood Social Security Office

Listing Price: $2,320,000

Cap Rate
7.75%
Gross SF
10,483
Rentable SF
10,483
Price/Gross SF
$221.31
Lot Size
1.34 acres
Year Built
2002

Investment Highlights

  • GSA Invested Over $750,000 in Tenant Improvements Over the Past Five Years, Showing Commitment to the Location
  • Class B Office Built-to-Suit for Social Security in 2002, Renovated in 2016
  • Only Social Security Office Serving Suburban Little Rock- Population of 80,000+ Within a 5 Mile Radius
  • Single Tenant, AA+ Credit Investment Property (Moody's, S&P) - U.S. Government

Investment Overview

Marcus & Millichap is pleased to bring to market a single-tenant government office building occupied by the Social Security Administration. The 10,483 rentable square foot building is located on E Kiehl Ave in Sherwood, Arkansas, and sits on 1.34 acres. Sherwood is part of the Greater Little Rock Metro Area, which has a population of over 738,000. The property was constructed for Social Security in 2002 according to their strict requirements, and renovated in 2016 as part of a $750,000+ tenant improvement project ($72/foot). The property was encumbered with a 10 year lease in 2016, with 5 years currently remaining. It features ample parking, with separate lots for employees and visitors. The Social Security Administration (SSA) is an agency of the United States federal government that administers Social Security, a social insurance program consisting of retirement, disability, and survivors' benefits. The annual budget for fiscal year 2021 was increased to $1.2 trillion, the highest ever budget for the agency. This offering is ideal for an investor who is seeking to invest in a stabilized single-tenant building with a AA+ credit tenant (Moody's, S&P).

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s): AR: PB00066390

    Arkansas

Financing By

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