48 Research Rd - Office FOR SALE


East Falmouth, MA 02536
$2,153,000 USD
859-907-2006
48 Research Rd, East Falmouth, MA for Sale
$2,153,000 USD
Office - FOR SALE
1/1
null | 7.75% Cap Rate

48 Research Rd
East Falmouth, MA 02536


HIGHLIGHTS

  • Regional Service Area
  • Federal Credit Tenant
  • Built-In Rent Growth 
  • Recent Capital Improvements
  • Newly Executed 10-Year Lease
  • Cape Cod Submarket

OVERVIEW

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the Social Security Administration (SSA) facility located at 48 Research Rd in East Falmouth, MA. The 4,970 SF building sits on 2.52 acres in Barnstable County, within the Town of Falmouth on Cape Cod. SSA has occupied the site for over a decade and recently executed a freshly signed lease ahead of its prior term’s expiration, commencing October 2026 with a 10-year total term through 2036 and a 5-year firm term, demonstrating their long-term commitment to the space. This provides investors with long-term cash flow backed by the full faith and credit of the U.S. Federal Government. The East Falmouth office operates as a full-service SSA field office, handling retirement, disability, survivor, and Supplemental Security Income (SSI) benefit determinations rather than limited card-replacement services, reflecting an essential role in the local benefits infrastructure that is well matched to its market. The office is also the primary location for Martha’s Vineyard and Nantucket, extending its service area well beyond the Cape Cod mainland. Cape Cod carries one of the highest concentrations of retirees in Massachusetts, driving sustained demand for the exact services this office provides. That structural demand, paired with a captive, aging local population, supports durable long-term occupancy at this location. ??????? The Property has also seen substantial recent capital investment, including a full HVAC system replacement in 2026, a new roof installed in 2018, a barrier wall constructed at SSA’s specific request, and solar panels providing the building with a degree of energy self-sufficiency, reducing anticipated operating costs for a new owner.

FOR SALE DETAILS

PRICE

$2,153,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,623 SF

ZONING

LIB

APN/PARCEL ID

FALM-000015-000004-000027A-000079

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.