Chicago Heights Social Security Administration
The Chicago Heights Social Security Administration field office at 104 S. Halsted Street (the "Property") was originally designed and constructed specifically for the SSA in 2000 to serve the larger Chicago Heights area. The Property continues to provide a mission critical front line service center to facilitate the Social Security Administration's critical programs. The General Services Administration ("GSA") on behalf of the SSA, recently extended the original lease until May 1, 2025, creating a high-credit, stable investment opportunity.
The GSA has a long-standing reputation as a tenant with one of the highest renewal probabilities, generally regarded as better than 90% for properties of this type. The SSA's mission and programs require local field offices (service centers) to support the public need, making such field offices highly important and challenging to shutter.
The Property is well located in the Chicago Heights area 20 minutes outside of downtown Chicago, making it a convenient and densely populated suburban section of the country's 3rd largest metropolitan area. The Property provides excellent access and frontage on a major commercial artery, making it a convenient location for the SSA's mission.
Located within the Chicago MSA
Aaa Credit Tenancy
Build to Suit in 2000 for SSA/GSA
Mission-Critical Social Security Administration Field Office
Over 105,800 People Living Within Five Miles
Located on a Major North/South Artery
- Property Type
Office
- Submarket
- Year Built
2000
- Total Acres
0.35
- Property ID
1570457
