The Silver Group Sells Brokers a Single Tenant Govenment Property

The Silver Group announced today the closing of a Social Security Administration building in Ft. Smith, Arkansas. The Property consists of a single-story, 15,079 s.f. build to suit facility leased to the United States of America for an initial term of 10 years commencing in March 2010. This sale marks the 5th government building sold by The Silver Group in the past 7 months. The Seller is a Midwest developer and the Buyer was a Chicago based investment company. The property traded for $4,123,250. “New government properties have been attractive to investors seeking AAA credit security. It takes a special investor who is comfortable with the net nature of these leases. The Seller and Buyer entered into a property management agreement for the investor to appreciate passive income”, says Barry Silver who represented both parties.