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Modesto Social Security Administration Office Sells For $3,975,000

SSA Modesto

Richmond, VA – May 12, 2020 Colliers International is pleased to announce the sale of the Modesto Social Security Office at 1521 N. Carpenter Road in Modesto, California for $3,975,000.

The Modesto Social Security Office is a 26,300 SF multi-tenant office building anchored by the Social Security Administration (68.38% of GLA). The Property is located in a highly amenitized, mixed-use development in an accessible and attractive location. The Social Security Administration recently ‘right sized’ their operation in the Property to 17,798 RSF, cementing the SSA’s long-term tenancy in the Property. With over 6,000 square feet currently vacant, the property provides the opportunity to create additional value in the asset. 

“SSA Modesto provides long-term stable anchor tenancy from the Social Services Administration with the opportunity to add additional value through the lease up of the vacancy. This attractive combination resulted in significant interest in the Property and a successful sale” said Will Bradley, Executive Vice President at Colliers International.

Will Bradley, Executive Vice President and Mark Williford, Vice President with Colliers Government Solutions practice group and Erica Frey represented the Seller.

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Mark Williford

Senior Vice President

Richmond - North

Mr. Williford specializes in investment sales transactions throughout the Mid-Atlantic and Southeast and brings an unparelled level of passion and expertise to the business. With over 8 years of commercial real estate experience he has successfully represented private, high-net worth and institutional clientele in the successful disposition of retail, mixed-use, office and industrial assets totaling $1.7B+.  

Prior to joining Colliers International, Mr. Williford was a Director at HFF in Denver, Colorado, one of the largest and most successful commercial real estate capital intermediaries serving the United States and Western Europe. Prior to joining HFF, Mr. Williford was a leasing broker with SullivanHayes focused on tenant and landlord representation where he completed more than 500,000 square feet of lease transactions. He began his career in real estate as an intern at The Wilton Companies in Richmond, Virginia.

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Will Bradley

Executive Vice President

Richmond - North

Will Bradley is Executive Vice President for Colliers International specializing in structuring and facilitating the acquisition and disposition of complex development and institutional investment properties across the United States Prior to joining Colliers in 2019, Mr. Bradley spent over a decade with CBRE. 
Mr. Bradley’s background in financial and market analysis combined with his significant ongoing deal activity delivers his clients unmatched transparency into the current real estate markets. Mr. Bradley’s client’s further benefit from his understanding of the development process and comprehensive scenario analyses incorporated into his strategic advisory to achieve his clients’ goals. Over the past two years, he has handled more than $800 million in transaction advisory services.

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