Skip to main content

Single-Tenant Office

Social Security Administration GSA | New 15 Year (10 Firm) Lease | Major TI Package Planned in 2022

499 Lakeshore Pkwy, Rock Hill, SC 29730

Listing Price: $2,976,446

Cap Rate
5.75%
Gross SF
12,204
Rentable SF
12,204
Price/Gross SF
$243.89
Lot Size
2.25 acres
Year Built
2012

Investment Overview

Marcus & Millichap is pleased to bring to market the Social Security Administration GSA Building located in Rock Hill, South Carolina. Social Security Administration (SSA) is headquartered in Baltimore, Maryland at what is known as the Central Office. The agency includes 10 regional offices, eight processing centers, approximately 1,230 field offices and 37 teleservice centers. As of 2020, about 60,000 people were employed by the SSA. The SSA has an annual budget of more than $1.06 trillion (Fiscal Year 2018).

Investment Highlights

  • GSA Just Renewed for 15 Years Including 10 Years Firm
  • New Lease Commenced on 12/11/21 with a 10 Percent Rent Increase, Major Tenant Improvement Package Planned to Follow in 2022
  • Standard & Poor's AA+ Investment Grade Credit Tenant
  • 2011 Class A Construction Build-to-Suit Suburban Office Designed to LEED Silver Specifications
  • Located Five Minutes from I-77 with Easy Access to Downtown Charlotte
  • Lakeshore Parkway is Two Miles East of Downtown Rock Hill
  • High Population Growth Area: Rock Hill has 12 Percent Increase Since 2010
  • Located Near Many National Tenants Including Target, Walmart and Sam's Club

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Single-Tenant Office

Social Security Administration GSA | New 15 Year (10 Firm) Lease | Major TI Package Planned in 2022

Listing Price: $2,976,446

Cap Rate
5.75%
Gross SF
12,204
Rentable SF
12,204
Price/Gross SF
$243.89
Lot Size
2.25 acres
Year Built
2012

Investment Highlights

  • GSA Just Renewed for 15 Years Including 10 Years Firm
  • New Lease Commenced on 12/11/21 with a 10 Percent Rent Increase, Major Tenant Improvement Package Planned to Follow in 2022
  • Standard & Poor's AA+ Investment Grade Credit Tenant
  • 2011 Class A Construction Build-to-Suit Suburban Office Designed to LEED Silver Specifications
  • Located Five Minutes from I-77 with Easy Access to Downtown Charlotte
  • Lakeshore Parkway is Two Miles East of Downtown Rock Hill
  • High Population Growth Area: Rock Hill has 12 Percent Increase Since 2010
  • Located Near Many National Tenants Including Target, Walmart and Sam's Club

Investment Overview

Marcus & Millichap is pleased to bring to market the Social Security Administration GSA Building located in Rock Hill, South Carolina. Social Security Administration (SSA) is headquartered in Baltimore, Maryland at what is known as the Central Office. The agency includes 10 regional offices, eight processing centers, approximately 1,230 field offices and 37 teleservice centers. As of 2020, about 60,000 people were employed by the SSA. The SSA has an annual budget of more than $1.06 trillion (Fiscal Year 2018).

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

MM Texture Background
MM Textured Background Lower