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2603 Riverside Dr 4,450 SF Office Building Susanville, CA 96130 For Sale
Executive Summary
2603 Riverside Drive presents an investor with the opportunity to purchase a stable leased investment with a AAA grade tenant. The building was built for the Social Security Administration in 2004, and has been leased to them continuously since then. In 2019, the General Services Administration signed a brand new 15 year lease for the Premises, indicating their commitment to the property. A major remodel to the building was completed in April 2021, bringing the building up to date and in compliance with all GSA requirements. This investment opportunity offers a stable and attractive investment, where the investor has the advantage of both income and appreciation.
2603 Riverside is situated in a corridor of federal, county and city services.
2603 Riverside is situated in a corridor of federal, county and city services.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,450 SF
Building Class
B
Year Built
2004
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,450 SF
Building FAR
0.15
Lot Size
0.66 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
- 4,450 SF
- $50.80
- Full Service
- Aug 2034
The Social Security Administration began as the Social Security Board in 1935 under the Social Security Act and later adopted its current name in 1946. The agency administers Social Security retirement, disability, and survivors benefits, and it also supports Medicare-related services, identity records, and other public-facing programs through online and in-person channels. Social Security remains a major federal service provider, with a nationwide role that reaches Americans across life stages from first-number issuance to benefit delivery and account management.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Public Administration | 4,450 SF | $50.80 | Full Service | Aug 2034 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 105-350-066-000 | Improvements Assessment | $1,002,000 |
| Land Assessment | $145,000 | Total Assessment | $1,147,000 |
Property Taxes
Parcel Number
105-350-066-000
Land Assessment
$145,000
Improvements Assessment
$1,002,000
Total Assessment
$1,147,000
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2603 Riverside Dr
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