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1107 W Ferdon, Litchfield, IL, 62056

SOCIAL SECURITY ADMINISTRATION
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Highlights

INVESTMENT HIGHLIGHTS

  • Dedicated Tenant– Tenant has committed to paying over $286k in Tenant Improvements that will be paid back in a lump sum to the current owners after the completion date.
  • Underserved Market– This is the only SSA building in Montgomery County, with the next closest Social Security office being 44.3 miles away in Alton, IL.
  • Valuable Asset– Highest cap rated Social Security building on market currently.
  • Potential Value Add – Opportunity to cut costs as the operating ratio is over 46%, well above market standards 
  • Notes – Please note that the tenant has a FIrm lease date expiration ending on June 30th, 2027, which means that the tenant has the ability to terminate the lease with a 120 day notice after this expiration date.
  • Notes – Tenant pays for all taxes over the Base Year, which was established in 2023, as it’s the first full calendar year.

Location

Agents

Broker of Record

Matt Fitzgerald

License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
9%
Tot. SF
4,300
Year Built
2002
Type
Apartments