Social Security Administration & St. Lawrence Psychiatric Center
$2,578,000
Key Information
Cap Rate
9%
$ per SF
$154
Lot Size
0.39 Acres
Year Built
2000
Term Remaining
±10 YRS
Type
Office
NOI
$232,028
Leasable Area
16,781
Highlights
Government Support and Oversight: As a government agency, the General Services Administration benefits from a level of support and oversight that ensures its stability and continuity. This protection can provide a degree of insulation from market volatility.
Investment Grade Tenant: GSA is rated S&P: A+.
Scenic Location: Situated on the St. Lawrence River, Ogdensburg offers beautiful waterfront views and outdoor activities like boating, fishing, and waterfront parks.
Strategic Transportation Access: Immediate access to the Ogdensburg–Prescott International Bridge, Route 37, and proximity to Ogdensburg International Airport, facilitating efficient regional and cross-border connectivity.
Proximity to Canada: Located near the Canadian border, Ogdensburg offers easy access to Canadian cities like Ottawa and Montreal, opening up more travel and commerce opportunities.