Office Space For Lease @ 1901 Broadway Dr

This single tenant leased office investment is a build to suit for the Social Security Administration to serve as field office for the Office of Disability Adjudication and Review (ODAR) to administer disability hearings. The 18,360 square foot office was constructed in 2006 with substantial renovation in 2022 and is leased through December 17, 2026. Although there is no firm term remaining, $583,757.50 shall be paid over the remaining lease term to the landlord as reimbursement for tenant improvements recently completed; consequently, early termination of the lease, while permitted, is unlikely. A third-party study reported only 2.82% of GSA leases are terminated early, and one reason is a lack of expansion space. The site is 2.07 acres allowing expansion. This space offers accomodations for: institutionalgovernmental.